Africa Prudential reports N1.99bn as turnover, PAT rises by 13.07% in Q2 2022

Africa Prudential on Thursday published its Second Quarter report for the period ended 30, June, 2022.

The company reported Gross Earnings of N1.99 billion for the 6 months period, up by 19.29% from N1.67 billion reported the previous year.

Profit after tax grew by 13.07% to N935.78 million from N827.64 million reported the previous year.

Earnings per share increased to 47 kobo from the EPS of 41 kobo, which translates to 13.07% growth, year on year.

At the share price of N5.65, the P/E ratio of Africa Prudential Plc stands at 12.08x with earnings yield of 8.28%.

Source: Africa Prudential reports N1.99bn as turnover, PAT rises by 13.07% in Q2 2022 – StocksWatch (stocksng.com)

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