Living Trust Mortgage Bank Reports Strong Third-Quarter Earnings

Living Trust Mortgage Bank Plc has announced its financial results for the third quarter ended September 30, 2024.

The bank reported a significant increase in gross earnings, reaching N2.744 billion for the nine-month period, up from N1.964 billion in the previous year. Profit after tax also rose by 44.18% to N751.658 million.

Earnings per share stood at 15 kobo, while the P/E ratio at a share price of N3 was 19.96x with an earnings yield of 5.01%.

Overall, the results demonstrate a positive financial performance for Living Trust Mortgage Bank in the third quarter of 2024.

Your Comment:

Related Posts

02

Sep
Business & Economy

SEC launches redesigned website

  • 02/09/2025

The Securities and Exchange Commission (SEC) has officially launched its newly redesigned official website, making a significant approach toward enhancing digital engagement, regulatory transparency, and investor protection. The regulator, in a statement on Monday, said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the general public. According to […]

Read Article

01

Sep
Business & Economy

Nigerian Stock Market Extends Losing Streak

The Nigerian stock market closed lower last week, extending its bearish run as profit-taking hit 57 stocks. The All-Share Index (ASI) fell by 0.50%, settling at 140,295.49 points compared to 141,004.14 points in the prior week. Similarly, market capitalization declined by 0.49%, closing at ₦88.769 trillion from ₦89.209 trillion, representing a loss of about ₦440 billion. On[…]

Read Article