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Q3 2023: Infinity Trust Mortgage Bank Plc grows profit by 52.04% in nine months

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Infinity Trust Mortgage Bank Plc names new directors

Infinity Trust Mortgage Bank Plc on Monday October 16, 2023 published its Third Quarter report for the period ended 30 September 2023.

The company reported a turnover of N1.96 billion for the nine months period, up by 34.12% from N1.46 billion reported the previous year.

Profit after tax grew year on year by 52.04% to N781.575 million from N514.047 million reported the previous year.

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Earnings per share (EPS) of the company stands at 19 kobo, up by 52.04% from the EPS of 12 kobo achieved the previous year.

At the share price of N1.22, the P/E ratio of Infinity Trust Mortgage Bank Plc stands at 6.51x with earnings yield of 15.36%.

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