Infinity Trust Mortgage Bank reports N633.48m as profit in 12 months

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.

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%.

Source: Infinity Trust Mortgage Bank reports N633.48m as profit in 12 months – StocksWatch (stocksng.com)

Related Posts

15

Sep
Business & Economy

NGX ASI rebounds with 1.13% growth WtD, investors gain N985bn

The Nigerian stock market rebounded last week after four consecutive sessions of losses, posting a ₦985 billion gain on the back of price growth in 70 equities. The All-Share Index (ASI) advanced by 1.13%, closing at 140,545.69 points, compared to 138,980.01 points in the previous week. Similarly, market capitalization rose by 1.12% to settle at ₦88.922 trillion, […]