Living Trust Mortgage Bank posts N308m as profit in Q2 2021

Living Trust Mortgage Bank Plc on Tuesday released its Second Quarter result for the period ended 30 June 2021.

The report 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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