18 percent leap in pretax profit for housing finance
17 July 2014, 09:34
Nairobi - A mortgage firm Housing Finance posted an 18 percent leap in pretax profit for the first half to KES677.78 million ($7.72 million), thanks to a surge in non-interest income, it said on Wednesday.
Non-interest income jumped 241 percent to KES506.29 million during the period, driven by the firm's building and insurance subsidiaries, Housing Finance said.
The company said it also benefited from gains in its foreign exchange trading line.