Africa Prudential Plc has announced its 2024 financial results, reporting a significant increase in profit before tax (PBT) and profit after tax (PAT).
Key Highlights:
- PBT increased by 95% to N2.81 billion in 2024
- PAT grew by 88% to N1.81 billion
- Gross revenue rose by 31.5% to N5.19 billion
- Total dividend payout increased by 67% to 75 kobo per share
- Total assets expanded by 52% to N34.84 billion.
Subject: Africa Prudential Plc's Total Liabilities Surge 81.4% to N24.01bn in 2024
Africa Prudential Plc has reported a significant increase in its total liabilities, which rose by 81.4% to N24.01 billion in the financial year ended December 31, 2024.
Key Highlights:
- Total liabilities surged by 81.4% to N24.01 billion in 2024
- Customers' deposits rose by 72.2% to N20.82 billion
- Creditors and accruals increased by 437% to N1.72 billion
- Total assets grew by 51.6% to N34.85 billion
- Profit after tax increased by 88.0% to N1.81 billion
- Gross earnings rose to N5.20 billion, with total comprehensive income standing at N2.29 billion.
How well do narratives help inform your perspective?
Disclaimer
The user WaneInvestmentHouse holds no position in NGSE:AFRIPRUD. Simply Wall St has no position in any of the companies mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.