Infinity Trust Mortgage Bank Plc has released its
unaudited financial statements for the nine
months ended September 30, 2014, declaring a
33.7 per cent growth in its profit before tax.
The statements, which were filed with the
Nigerian Stock Exchange, showed that the
company’s pre-tax profit rose from N152.3m in
the nine months ended September 30, 2013 to
N203.6m in the review period.
The company reported that its total
comprehensive income also rose by 33.7 per
cent from N129.5m to N173.1m, while its basic
earnings per share appreciated by 33.9 per cent
to N4.15 from N3.10.
Similarly, its turnover edged up by 29.6 per cent
to N509.2m in the period under review from
N392.8m in the corresponding period of 2013.
The company also disclosed in its financial
statements that its total operating income at
N477m at the end of the nine-month period
under review was 28.1 per cent higher than the
N372.4m it posted in the same period of last
year.
The company’s unaudited financial statements
also showed that its total assets rose by 0.98
per cent to N7.476bn from the N7.403bn
reported as of December 31, 2013.
The company’s total liabilities was up by 10 per
cent year-on-year. The result showed that it rose
from N1.963bn to N2.163bn.
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