Infinity Trust Mortgage Bank reports N172.3m as profit in 3 months

Infinity Trust Mortgage Bank Plc on Wednesday published its first quarter result for the three months ended 31 March 2022.

The Company reported a turnover of N463.4 million for the 3 months period, up by 21.01% from N382.97 million reported the previous year.

Profit after tax grew year on year by 18.62% to N172.33 million from N145.67 million profit reported in Q1 2021.

Earnings per share of the Infinity Trust stands at 4 kobo, up by 18.62% from the EPS of 3 kobo.

At the share price of N1.32, the P/E ratio of Infinity Trust stands at 31.95x with earnings yield of 3.13%.

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