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Africa Prudential’s revenue rises by 55%

Africa Prudential’s revenue rises by 55%

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Registrar, investor services and business support firm, Africa Prudential Plc, for its unaudited financial statements for the first quarter of 2018, has reported a 55 per cent year-on-year growth in revenue, and 35 per cent growth in profitability.

According to the financial statement, which was released to the Nigerian Stock Exchange, the company recorded a total revenue of N1.01bn, compared to N0.65bn in the corresponding period of 2017, which translates to a growth of 55 per cent year-on-year.

Meanwhile, the firm has been named among top performing companies in 2017 listed on the NSE and was presented with the BusinessDay Top 25 CEOs Award at a dinner held in Lagos yesterday.

The Managing Director/CEO, Africa Prudential, Peter Ashade, was joined by other top CEOs in Nigeria as they received the prestigious award at a well-attended event organised by BusinessDay Media Limited.

According to the award organisers, Africa Prudential qualified for the award, having met the criteria of its share price outperforming the All Share Index of the NSE, coupled with an impressive growth in its profit after tax for 2017 financial year.

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