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Monday, December 5, 2022

AGM: FHFL Declares Strong Performance As Profit Before Tax Grew By 334%, Total Assets Hit N93.40bn In 2021

Family Homes Funds Limited has held its Annual General Meeting (AGM), announcing strong financial performance and position for the company for the ending 2021.

The AGM which was held in Abuja had in attendance shareholders and members of the board.

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Other stakeholders in attendance include the Ministry of Finance Incorporated, NSIA Property Investment Company Limited, and a representative of Ernst & Young, the company’s external auditors.

The results from the audited financials show that compared to results for 2020, Profit Before Tax grew by 334% accumulating N2.72bn, whilst revenue grew by 98% to N4.84bn.

Total Assets grew by 40% to N93.40bn, whilst the company continues to maintain a high-quality loan portfolio with non-performing loans at 0% at the end of 2021.

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