Africa Prudential reports N1.4bn as profit in FY 2021

Africa Prudential Plc on Friday published its Audited Financial Statement for the year ended 31 December 2021.

The company reported a turnover of N3.521 billion, up by 0.37% from N3.508 billion reported the previous year.

Profit after tax of N1.415 billion was achieved for the 12 months period, down by 2.17% from N1.446 billion profit reported in FY 2020.

Earnings per share of the Company stands at N0.71, down by 2.17% from the EPS of N0.72 reported the previous year.

At the share price of N7.35, the P/E ratio of Africa Prudential Plc stands at 10.39x with earnings yield of 9.62%.

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