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HFC Q3 2017 PBT declines by 81%
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Ericsson
#1 Posted : Monday, November 27, 2017 2:09:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Group Profit before Tax declines by 81% from sh.1.2bn in 2016 to ksh.231.9mn
Total Operating Income declined by 25% to ksh.2.82bn down from 3.77bn in 2016
Total Operating expenses increased by 1%
Gross non-performing loans increased to ksh.8.1bn from 5.5bn in 2016 due to slowdown in the property market and overall unfavourable macro-economic conditions.
Group's liquidity position improved to 26.03% up from 23.04% in 2016 on account of an aggressive collections strategy.
Group Total Assets declined to ksh.70bn down from 73bn
On 2nd October 2017 The Group successfully repaid the first tranche of the ksh.10bn corporate bond issued in 2010 amounting to kshs.7bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#2 Posted : Monday, November 27, 2017 5:43:46 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 972
Location: Kenya
Almost sliding into the loss making territory
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mlennyma
#3 Posted : Monday, November 27, 2017 8:01:41 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
watesh wrote:
Almost sliding into the loss making territory

Ireri
"Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann
#4 Posted : Monday, November 27, 2017 8:09:27 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
mlennyma wrote:
watesh wrote:
Almost sliding into the loss making territory

Ireri


Should go by now, lakini Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#5 Posted : Monday, November 27, 2017 8:52:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,521
Location: nairobi
Angelica _ann wrote:
mlennyma wrote:
watesh wrote:
Almost sliding into the loss making territory

Ireri


Should go by now, lakini Sad Sad Sad

He should have left while the going was good.. Now it's going to be a tough climb up a steep hill for Ireri

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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slick
#6 Posted : Tuesday, November 28, 2017 9:34:43 AM
Rank: Member


Joined: 6/1/2017
Posts: 288
obiero wrote:
Angelica _ann wrote:
mlennyma wrote:
watesh wrote:
Almost sliding into the loss making territory

Ireri


Should go by now, lakini Sad Sad Sad

He should have left while the going was good.. Now it's going to be a tough climb up a steep hill for Ireri


What a monkey

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Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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