Tag: Infinity Trust Mortgage Bank Plc

Infinity Trust Mortgage Bank grows profit after tax by 52% to N447.1 million in 9M 2021.

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Infinity Trust Mortgage Bank Plc released its unaudited financial results for the nine months period ended 30th of September, 2021.

  • Turnover for the period stood at N1.24 billion. (+24.3% YoY)
  • Net fee and commission income of N83.4 million. (+5.6% YoY)
  • Operating income totalled N1.06 billion. (+23.7% YoY)
  • Operating expenses totalled N555.4 million. (+2.8% YoY)
  • Total assets during the period stood at N15.6 billion.
  • Profit after tax was N447.1 million. (+52.3% YoY)
  • Earnings per share of 13.29 kobo Vs 8.37 kobo YoY.

See link to results.

 

Infinity Trust Mortgage Bank projects profit after tax of N160.33 million in Q4 2021.

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Infinity Trust Mortgage Bank Plc released its earnings forecasts for the fourth quarter of the year (Q4, 2021)

  • Gross earnings were projected to hit N431.57 million.
  • Interest income was projected at N334.23 million.
  • Net operating income projection of N367.94 million
  • Operating expenses projection of N189.8 million
  • Tax projection of N17.8 million
  • Profit after tax was projected at N160.33 million.

See link to results.

Infinity Trust Mortgage Bank grows profit after tax by 99% to N300.1 million in H1 2021.

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Infinity Trust Mortgage Bank Plc released its unaudited results for the half year ended 30th of June, 2021.

  • Turnover for the period was N785.5 million. (+35.02% YoY)
  • Net fee and commission income was N59.97 million. (+74.1% YoY)
  • Operating income of N673.33 million. (+40.2% YoY)
  • Personnel expenses totalled N136.1 million. (+13.7% YoY)
  • Total operating expenses of N368.3 million. (+20.1% YoY)
  • Profit after tax was N2300.1 million. (+99.4% YoY)
  • Earnings per share of 13.4 kobo Vs 6.2 kobo YoY.

See link to results.

Infinity Trust Mortgage Bank Plc projects profit after tax of N160.3 million.

Chidi Emenike Leave a comment

Infinity Trust Mortgage Bank Plc released its earnings forecasts for the third quarter of the year (Q3, 2021).

  • Gross earnings was projected at N431.6 million
  • Interest income was projected at N334.23 million.
  • Net operating income was projected at N367.9 million.
  • Operating expenses was projected at N189.8 million
  • Tax was projected at N17.8 million
  • Profit after tax was projected at N160.33 million.

See link to results.

Infinity Trust Mortgage Bank Plc records a 60% increase in profit after tax in Q1 2021.

Chidi Emenike Leave a comment

Infinity Trust Mortgage Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Turnover for the period was N382.97 million. (+21.1% YoY)
  • Net fee and commission income of N25.8 million. (+19.1% YoY)
  • Total operating income of N338.1 million. (+28.4% YoY)
  • Total operating expenses of N178.93 million. (+8.31% YoY)
  • Profit after tax was N145.27 million. (+60% YoY)
  • Earnings per share of 13 kobo vs 8 kobo YoY.

See link to results.

Infinity Trust Mortgage Bank Plc projects profit after tax of N132.18 million in Q2 2021.

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Infinity Trust Mortgage Bank Plc has released its earnings forecasts for the second quarter of 2021.

  • Interest income is projected at N282.88 million
  • Net operating income is projected at N340.6 million
  • Operating expenses is projected at N187.53 million
  • Profit before tax is projected at N146.87 million
  • Tax is projected at N14.69 million
  • Profit after tax is projected at N132.18 million

See link to forecasts.