INFINITY TRUST MORTGAGE BANK : EARNINGS FORECAST

EARNINGS FORECAST FOR INFINITY TRUST MORTGAGE BANK PLC

FOR THE SECOND-QUARTER ENDING 30 JUNE, 2022

N
Period from	1 April, 2022
Period to	30 June, 2022
NGN
Gross earnings	431,571,316
Interest Income	372,587,045
Interest expense	-91,603,082
Net Revenue from Funds	339,968,234
Credit Impairment Charges	-8,250,000
Exceptional charges	-
Other Income	58,984,270
Net Operating Income	390,702,504
Operating Expenses	-200,006,918
Profit/Loss before Tax	190,695,586
Forecast Taxation	-19,105,269
Profit/Loss After Tax	171,590,317
Cash flow from Operating activities	181,590,317
Operating cash flow before working capital changes	191,590,317
Changes in operating activities	-300,214,600
Net cash generated from Operating activities	-108,624,283
Cash flow from investing activities	130,795,278
Cash flow from financing activities	169,163,694
Net decrease in cash equivalent	191,334,689
Cash balance at beginning	2,018,426,170
Cash balance at End	2,209,760,859

BUKOLA AFARIOGUN

Chief Financial Officer FRC/2021/002/00000024781