HF Group sinks into Sh730 million net loss



Kenyan Wall Street | by Jackson Okoth


Mortgage lender HF Group Plc has widened its Net losses to KSh 730.2 Million in Q3, 2020 from a loss of KSh 84.6 Million, triggering the firm to issue a profit alert.

The lender joins a list of firms that have made a profit warning, the latest one being Britam. Others are Unga Group, Kenya Airways, Kenya Orchards and Kenya Power.

Its pre-tax losses also widened to KSh 671.7 Million from KSh 81.4 Million…

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