By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-Primary mortgage institution (PMI), Infinity Trust Mortgage Bank Plc on Tuesday announced its profit before tax (PBT) climbed up 116.9 percent in the second quarter (Q2) of 2014 to N169.012 million from N77.923 million recorded in the same period of 2013.

Also, profit after tax (PAT) grew the same margin 116.9 percent to N143.660 million in the Q2 of 2014 from N66.234 million recorded in the same period of 2013.

Turnover of the mortgage lender increased 57 percent to N371.600 million in the Q2 of 2014 from N236.740 million reported in the corresponding period of 2013.