The National Housing Trust (NHT) tabled its annual report for the fiscal year ended March 2021 in Parliament, disclosing a two-third reduction in net profit.

The net result for the financial year was $6.9 billion, approximately one-third of the $18.62 billion reported in 2020 and also less than the $23.75 billion in net profit reported in 2019.

 

The report, however, shows growth in the agency’s assets which now stand at $310.53 billion, a three per cent improvement from $301.77 billion in 2020 and 9.5 per cent more than the $283.85 billion in assets reported at fiscal year end 2019.

 

Accumulated surplus for the period amounted to $153.97,141, an increase over the $159.18 billion reported in 2020 and $15.21 billion in 2019.

https://www.jamaicaobserver.com/business-observer/nht-profit-cut-by_242051?profile=1056