Infinity Trust Mortgage Bank reports N1.69bn as turnover in Q4 2021

Infinity Trust Mortgage Bank Plc on Wednesday published its Fourth Quarter result for the period ended 31 December 2021.

The results shows year on year growth in the company’s top line and bottom line figures.

A turnover of N1.69 billion was reported for the 12 months period, up by 28.57% fromN1.32 billion reported the previous year.

Profit after tax grew year on year by 34.4% to N552.5 million from N411 million reported the previous year.

Earnings per share of the company for the period under review stands at 13 kobo.

At the share price of N1.32, the P/E ratio of Infinity Trust Mortgage Bank stands at 9.96x with earnings yield of 10.04%.

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