FIRST Mutual Holdings saw a 62 percent rise in net property income, reaching US$4,8 million at the end of 2024.
In a statement accompanying the company’s financial results, chairman Elisha Moyo said the growth was mainly down to rental income being in US dollars. He mentioned that revenue shot up by 31 percent to US$9 027 117, with rental income being the biggest earner.
“Revenue growth was driven by growth in property services income, pre – dominantly project management fees, an upsurge in pure US dollar rentals, and timely rental reviews,” he stated.