Abuja, Nigeria – The Shareholders of Family Homes Funds Limited (FHFL) have approved the 2021 audited financials of the social housing institution. The Company’s Annual General Meeting (AGM) event which held on Thursday 13th October 2022 at the corporate office of Family Homes Funds Limited at the 3rd Floor, Sinoki House, Samuel Ademulegun Street, Central Business District, Abuja. The meeting was attended by shareholders – Ministry of Finance Incorporated and 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 334% to N2.72bn whilst revenue grew 98% to N4.84bn. Total Assets grew 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.
