Africa Prudential Plc, an investor services firm 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.
While speaking with delegates during the Closing Gong Ceremony held in honour of Africa Prudential Plc on Friday, representatives 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.
The company had earlier announced its Unaudited Financial Statements for the period ended June 30, 2018, showing an impressive Turnover growth of 48% 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% from N0.95 billion in the corresponding period of 2017 to N1.14 billion, while Profit After Tax grew by 14% year-on-year to N0.98 billion. Total Assets grew by 13% to N24.88 billion, compared to N21.93 billion as at period ended December 31, 2017.
Commenting on the financial results, Mr. Obong Idiong, the Managing Director/CEO of Africa Prudential Plc, said that, “The results show the success and strength of our business model as a Company, as we are committed to taking Africa Prudential Plc to greater heights by continuing to break new grounds, thereby staying ahead of competition.
