Browsing: HF Group 2022 full year performance

Kenya’s HF Group back to profitability making $1.9Mn in 2022

Banking
  • HF Group has posted $1.9 million in the 2022 full year results from a loss of $5 million recorded in 2021 representing a 939 percent increase. 
  • Management attributes the turnaround to improved performance by the Group’s banking subsidiary, HFC.
  • The group’s  performance reflects the relentless focus they have put on their business transformation strategy.

HF Group has posted a profit of $1.9 million in the 2022 full year results from a loss of $5 million recorded in 2021, representing a 939 percent increase. 

Management attributes the turnaround to improved performance by the Group’s banking subsidiary, HFC, whose profit after tax grew by 147 per cent to $1.2 million from a loss of $2.8 million in 2021.

Net interest income grew by 18 percent to $16 million from $13.8 million same period 2021 while non-funded income grew by 63 percent to $6.6 million compared to reported $4 million the same period …