HY’22: Abbey Mortgage bank files N2.465bn Gross Earnings, grows by 38.93% in PAT

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Abbey Mortgage bank2022 half year financial report showed that the company grows in its Profit after Tax for the period ended June 30th 2022 by 38.93 % to settle at N354 million above the previous PAT of N254.9 million recorded in 2021.

The Mortgage Bank filed Gross Earnings of N2.465 billion for the current period under review from N1.540 billion recorded in the preceding period of 2021, representing about 60% YoY growth.

The earnings per share was up by over 38.93% while the current period’s PE Ratio is at 48.75x and the earnings yield at 2.05% with a reference stock price of N1.70 at the released date of computation.

Source: HY’22: Abbey Mortgage bank files N2.465bn Gross Earnings, grows by 38.93% in PAT – StocksWatch (stocksng.com)

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