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Infinity Trust Mortgage Bank Plc posts N909.2m as turnover in six months

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Infinity Trust Mortgage Bank Plc names new directors

Adebayo Obajemu

Infinity Trust Mortgage Bank Plc on Tuesday posted its second quarter result for the 6 months ended 30, June 2022.

The bank posted a turnover of N909.21 million for the 6 months period, up by 15.75% from N785.48 million reported the previous year.

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Profit after tax grew year on year by 7.68% to N323.14 million from N300.1 million reported the previous year. Earnings per share of the company stands at 8 kobo.

At the share price of N1.27, the P/E ratio of Infinity Trust Mortgage Bank stands at 16.39x with earnings yield of 6.10%.

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