HFCK profits up
23 February 2012, 09:21
Nairobi - Capital News reports that Housing Finance of Kenya (HFCK) posted a 64 percent rise in profit after tax, recording KES 622.2 million last year up, from KES 379.5 million posted in 2010, as gross profit jumped 74 percent last year, despite the economic downturn.
HFCK Managing Director Frank Ireri attributed the improved performance to practical cost management and brand positioning, which he said helped cushion the firm from high inflation and harsh economic times.
Ireri expressed confidence in the firm’s continued strong performance in 2012 with the securing of long term stable funds.
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