HF Group records Sh12.6 million in half-year profits

HF Group MD Frank Ireri

NAIROBI, KENYA: HF Group has posted Half-year period pre-tax profit of Sh12.6 million for the period ending June 30, 2018, compared to the Sh231 million the group recorded in 2017.   

Total Interest income declined by 13.1 percent over the period under review to Sh3.194 billion down from Sh3.679billion recorded in 2017.  Correspondingly, net interest income also declined by 13.8 percent from Sh1.5 billion in a similar period in 2017 to Sh1.3billion. This is attributable to the interest rate capping that took effect in April.