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Mortgage lender Housing Finance has reported Sh485 million profits after tax in the first-half of the year, a near flat growth that has seen it slash its dividends.
The firm, which is fighting one of its expensive property battles in court, is counting on at least five key housing projects it hopes to launch in the second half of the year to bolster its profitability. Interest expenses on customer deposits outpaced the rate that the lender collected on its outstanding home loans.
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