A pre-tax profit of N1.026 billion was reported in LivingTrust Mortgage Bank Plc’s Q4 2022 reports. The N768.210 million the corporation reported during the same period in 2021 has increased by 33% to this amount.
Gross earnings
2022 Q4: N2.539 billion
A pre-tax profit of N1.026 billion was reported in LivingTrust Mortgage Bank Plc’s Q4 2022 reports. The N768.210 million the corporation reported during the same period in 2021 has increased by 33% to this amount.Gross earnings Total operating income Total operating expenses Pre-tax profit Net Profit after tax
2021 Q4: N1.627 billion
Change: +56%
Total operating income
2022 Q4: N2.052 billion
2021 Q4: N1.395 billion
Change: +47.09%
Total operating expenses
2022 Q4: N928.218 million
2021 Q4: N681.387 million
Change: +36%
Pre-tax profit
2022 Q4: N1.026 billion
2021 Q4: N768.210 million
Change: +33%
Net Profit after tax
2022 Q4: N909.151 million
2021 Q4: N506.962 million
Change: -79%
Bottom line: The growth in pre-tax profits was due to the increase in interest income boosted by loans and advances to customers and credit-related fees and commissions.
Source: nairametrics
