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

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.

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.

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.

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

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.

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.

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.