Abbey Mortgage Bank projects N51.08 million profit in Q2 2020.

Abbey Mortgage Bank has released its earnings forecasts for the second quarter of 2021.

• Gross Earnings is projected at N560.97 million. (-13.7% QoQ)
• Interest income projected at N455.9 million. (-11.6% QoQ)
• Operating Expenses projected at N275.8 million. (-17.3% QoQ)
• Profit Before Tax is projected at N75.12 million. (-15.05% QoQ)
• Taxation projected at N24.03 million, (-15.05% QoQ)
• Profit After Tax projected at N51.08 million.(-15.05% QoQ)

See link to forecast.