Africa Prudential Plc proposes 50 kobo dividend to shareholders, grew turnover by 35.28%

 

Africa Prudential Plc on Tuesday released its audited financial result for the year ended 31 December 2018.  The firm grew turnover by 35.28% to close at N4.49 billion against the previous close of N3.32 billion in the previous year.

The Profit after Tax (PAT), grew by 13.89% to close at N1.95 billion against the previous close of  N1.71 billion in 2017.

With about 2 billion share outstanding, the Shareholders’ earnings per share grew by 13.89% to close at N0.98 from the previous EPS of N0.86 in 2017.

At a reference price of N4.84, it traded on the released date of the full year 2018 report, the PE Ratio of African Prudential Plc is 4.96x with earnings yield of 20.17%.

A Dividend of 50kobo per ordinary share of 50k each was proposed to shareholders. This is subject to the deduction of the appropriate withholding tax and approval at the Annual General Meeting of the Company, will be paid to Shareholders whose names appear in the Register of Members as at the close of business on Wednesday, March 13, 2019.

The Register of Members will be closed from Thursday, March 14, 2019 to Wednesday, March 20, 2019.

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