Infinity Trust Mortgage Bank posts 93% quarterly profit rise

Infinity Trust Mortgage Bank Plc has reported a profit before tax of N145.83 million for the second quarter of 2021, up from N75.58 million in the same period of last year.

The company’s unaudited financial statements obtained by Markets Reporters showed that its profit after tax rose to N134.03 million from N70.76 million in Q2 2020.

Its revenue increased to N402.51 million in Q2 2021 from N265.59 million in the same period of last year.