Living Trust Mortgage Bank To Achieve N509.18 Million Gross Earning In Q3 3022

For the third quarter of 2022, LivingTrust Mortgage Bank Plc has planned to achieve N509.18 million in gross earnings 

According to the company's Profit and loss information for the Q3 earnings obtained from the Nigerian Exchange Limited (NGX), the mortgage bank is also projected to rake in N424.29 million in interest income.

Its projection for profit before tax stood at N181.51 million and N151.91 million for profit after tax during the stipulated period.

On Thursday, the bank published its First Quarter report for the 3 months ended, March 31, 2021.

Living Trust Mortgage Bank reported a turnover of N502.66 million for the three months period, up by 99.63% from N251.79 million reported the previous year.

Profit after tax grew year  to N247.12 million from N100.82 million reported the previous year, which indicates a 145.12% increase 

Compared to Earnings per share achieved in Q1 2021, the company EPS stands at 5 kobo from the EPS of 2 kobo in Q1 2021

The mortgage bank also declared a final dividend of 6 kobo per share, which amount to a total dividend payout of N300 million to its shareholders for the 2021 financial year.