Living Trust Mortgage Bank announces N644m revenue in Half- Year 2021

The half year result of Living Trust Mortgage Bank Plc for the period ended 30 June 2021 shows year on year improvement in the company’s topline and bottom line figures.

Gross Earnings of N644.093 million was reported for the six months period, up by 187.03% from N231.369 million reported the previous year.

Profit after tax grew by 642.91% to N308.257 million from N41.493 million reported in Q2 2020.

Earnings per share (EPS) of the company increased to 6 kobo from the EPS of 1 kobo achieved the previous year.

At the share price of 67 kobo, the P.E ratio of Lining Trust Mortgage Bank stands at 10.87x with earnings yield of 9.20%.

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