State mortgage firm profit surges 84pc on higher lending income

KMRC chief executive Johnstone Oltetia.

Photo credit: FILE PHOTO | NMG

State-backed Kenya Mortgage Refinance Company (KMRC) has reported an 84.4 percent jump in net profit for the six months to June 2024, on higher earnings from lending activities during the period.

It posted a net profit of Sh669 million in the period under review, up from Sh362.7 million a year earlier.

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