By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Primary mortgage firm, Abbey Mortgage Bank Plc on Tuesday said its profit after tax (PAT) for the nine months period ended September 30, 2014 grew 166.3 percent to N86.3 million from N324 million recorded in the corresponding period of 2013, the company said in a filing to the Nigerian Stock Exchange.

Similarly, profit before tax (PBT) of the mortgage firm climbed up 183 percent to N107.8 million in the review period of 2014 from N38.1 million reported in the same period of 2013.

However, gross earnings of Abbey Mortgage Bank increased slightly by 3.9 percent to N1.166 billion from N1.122 billion in the 2013 nine months period.