Omoluabi Mortgage Bank Plc’s audited reports for the full year ended 31st December 2018 was released to the market today 21st May, 2019. The reports showed a decline in topline figures to N460.9 million in 2018 below N518.3 million recorded in the preceding year of 2017. This represents 11.08% full year fall in revenue.
The profit/loss after tax for the period under review also dropped from N173.4million in 2017 to N79.5million in the current period under review
The earnings per share consequently declined by 54.15% falling from N0.03 to N0.02 in 2018.
The PE Ratio for the current period stands at 36.46x and the earnings yield at
2.74%.
Omoluabi Mortgage Bank PLC offers residential and commercial mortgage financing services. The Company provides mortgage products which includes national housing fund mortgage loans, commercial mortgages, property acquisition loans, and other financial services. Omoluabi Mortgage Bank serves customers in Nigeria.