HF Group posts 148% profit surge on strong subsidiary growth

Housing Finance Group has reported a 148 percent rise in half-year profit before tax to 703 million shillings, up from 283 million shillings last year. The performance was driven by growth across all subsidiaries, with non-funded income climbing 18 percent to 844 million shillings and net interest income rising by 53 percent to 2 billion shillings. CEO Robert Kibaara credited the gains to the Group’s diversification strategy and the successful Rights Issue, which boosted business momentum.