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NSE commends Africa Prudential as company records 48% growth

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AFRICA Prudential Plc, a leading share registration and investor services firm in Nigeria has been commended by the leadership of the Nigerian Stock Exchange, NSE, for championing laudable initiatives which have contributed significantly in developing the Nigerian capital market.

Nigerian Stock Exchange
Nigerian Stock Exchange NSE

While speaking with delegates during the Closing Gong Ceremony held in honour of Africa Prudential Plc, Friday, representative of the Chief Executive Officer of the Exchange, Mr. Oscar Onyema, Chief Risk Officer, Mr. Tunji Kazeem lauded Africa Prudential Plc for ground-breaking initiatives over the past years. “The Exchange and Africa Prudential Plc have had several years of cordial relationship. We are sure the wisdom and leadership of the company will present further opportunities to collaborate on Capital Market development and other mutually beneficial areas such as sustainability” he added.

The company had earlier announced its Unaudited Financial Statements for the period ended June 30, 2018, showing an impressive turnover growth of 48 per cent from N1.47 billion in 2017 to  N2.17 billion, and delivering an Earnings Per Share of 49 Kobo. Profit Before Tax grew by 20 per cent from  N0.95 billion in the corresponding period of 2017  to  N1.14 billion, while Profit After Tax grew by 14 per cent year-on-year to N0.98 billion. Total Assets grew by 13 per cent to N24.88 billion, compared to  N21.93 billion as at period ended December 31, 2017.

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