HF sales drop in Q1

April 25, 2012

, High interest rates that adversely affected mortgage uptake saw Housing Finance report a 38 percent drop in sales in the first quarter to Sh2 billion compared to Sh3.3 billion posted last year.

However, the mortgage lender posted an 11 percent growth in profit after tax of Sh133.6 million from Sh120.1 million in the same period of 2011.

See the results: HF Q1 2012

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