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Federal Housing Corporation collects over 2.6 billion birr in revenue
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The Federal Housing Corporation has reviewed the effective work carried out in the first half of the 2017 fiscal year that has sustained the institution's overall success.
It stated that it had planned to earn 2.2 billion birr in revenue in the first half of the year and had earned more than 2.6 billion birr.
The income is said to be an increase in income that has alleviated concerns that the institution's income will decline as the houses from which the corporation earns the most income are part of the corridor development.
It was also pointed out that the corporation has quickly built additional shops and implemented other income-generating options to compensate for the income lost through the redevelopment, and that it has carried out effective work that has enabled it to generate high income and more than 1 billion birr in the first half of the year.
It was also assessed that the work done in terms of revenue growth and creating a healthy financial system is making the corporation's transformation journey safe.
The corporation's ability to create the capacity to build large-scale housing projects with its own resources was also assessed with strength.
The evaluation also highlighted the effective work done in terms of implementing cost-effective approaches and expanding revenue options.
The corporation's CEO, Rashad Kemal, who led the evaluation that focused on the core works carried out to consolidate and maintain this success, also provided additional performance direction.
The corporation's information indicates that a direction has been set to continue the corporation's participation in the development of the corridor, which has a high level of national interest.
It was stated that the corporation will provide special monitoring and support to complete the construction of the large-scale national projects that it has contracted to build and deliver on time.
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