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Home Opinions Blurb

Africa Prudentials Grows Profit by 14%…I’m Loving It

Nairametrics by Nairametrics
July 18, 2014
in Blurb
Africa Prudentials Grows Profit by 14%…I’m Loving It
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Africa Prudential Plc released its half year results showing an 18% increase in revenue to N1billion (2013 H1:N915m). Pre-tax profit also increased 14% to N702million compared to N614milion a year earlier. Earnings per share for the period was 27kobo compared to 24kobo posted a year earlier. Operating expense as a percentage gross profit rose slightly during the period.

A key indicator for me is return on equity. ROE was 13% for the period and if it keeps up with this trend may beat late year’s 21%

Afri Prudentials

 

…

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Tags: Nigerian Company Results

Comments 1

  1. Legend says:
    July 20, 2014 at 3:14 pm

    Nice one for Afri Prudential

    Reply

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