Safetrust Mortage Bank Limited has declared an impressive profit before tax,PBT, of N150.6million for the financial year ended 2015.
This figure represents a leap of 41.8 percent on the figure for the previous financial year on the account audited by Messrs KPMG.
The declaration was made by the Chairman of the Board of Directors, Mr. Akin O. Opeodu in an address issued at the Annual General Meeting (AGM) of the Mortgage Bank held at Eko Hotel & Suites, Lagos earlier in June.
Opeodu also declared gross earnings of N1.8billion and total assets which stood at N9billion the while the shareholders’ funds stood at N2.8billion representing 1.52 percent growth over the previous financial year’s figure of N2.75billion.
Following the impressive performance, the shareholders are to be rewarded with a good chunk of the profit, N84,337,500 as dividend at 5k per share.
