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Infinity Trust Mortgage Bank posts N633.48m as profit in 2022

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Infinity Trust Mortgage Bank Plc names new directors

Adebayo Obajemu

Infinity Trust Mortgage Bank on Tuesday published its Fourth Quarter report for the period ended 31 December 2022.

A turnover of N2.096 billion was reported for the 12 months period, up by 19.27% from N1.758 billion reported the previous year.

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Profit after tax grew year on year by 16.77% to 633.48 million from N542.49 million reported the previous year.

Earnings per share of the Company for the period under review stands at 15 kobo.

At the share price of N1.27, the P/E ratio of Infinity Trust Mortgage Bank stands at 8.36x with earnings yield of 11.96%.

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