According to the 2019 Q1 scorecard of Omoluabi Mortgage Bank Plc, released to the market on Thursday 23rd May, 2019 which showed an improvement of about 3% in the company’s Revenue for the first three months of 2019 to N125 million when compared with N120 million recorded same period last year.
The Osun base company ended the first quarter of the year 2019 with a net loss of 12.62% to settle at N33 million in contrast to N38 million recorded same period last year.
The company’s earnings per share stands at N0.001, which is 12% down when compared to previously reported earnings per share of the last same period.
Its PE Ratio is at 87.21x at a reference price of N0.58 with an earnings yield of 1.15%.
Omoluabi Mortgage Bank Plc (OMB Plc, previously Omoluabi Savings & Loans) is a primary mortgage institution that is regulated by the Other Financial Institutions Department of the Central Bank. It was put in place by the Government of Osun State to offer banking products, mortgage facilities, fund management, and treasury services. The bank was incorporated on March 9, 1993 and commenced operations on April 1, 1999. In 2014, OMB Plc listed its shares on the Alternative Securities Market (ASeM) of The Nigerian Stock Exchange (NSE); emerging the first company to do so. Current major shareholding blocks are held by the Osun State Government, 31 Local Governments in Osun State and 2 major Institutional Investors.