Living Trust Mortgage Bank Plc declares N364.8m as profit in Q2 2023

Living Trust Mortgage Bank Plc on Monday published its second quarter result for the period ended 30th June, 2023.

The mortgage firm reported Gross Earnings of N1.29 billion for the 6 months period, up by 15.58% from N 1.12 billion reported the previous year.

Profit after tax of N364.8 million was achieved for the period under review, down by 25.5% from N489.6 million reported the previous year.

The earnings per share of the company stands at 7 kobo.

At the share price of N2.47, the P/E ratio of 33.86x with earnings yield of 2.95%.

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