Africa Prudential Plc has announced a ₦1.2bn total dividend payout following its financial performance in 2024.
The company’s Profit After Tax (PAT) grew by 88 per cent, rising from ₦962.9m in 2023 to ₦1.81bn in 2024.
The company introduced an interim dividend of 15 kobo per share at half-year 2024.
Investors will now receive a final dividend of 60 kobo per share, bringing the total dividend for the year to 75 kobo, a 67 per cent increase from the 45 kobo paid in 2023.
In 2024, the company’s gross revenue grew by 31.5 per cent, rising from ₦3.95bn in 2023 to ₦5.19bn.
Profit Before Tax (PBT), increasing by 95 per cent from ₦1.44bn in 2023 to ₦2.81bn during the period under review.
The company also achieved considerable balance sheet expansion, with total assets growing by 52 per cent to ₦34.84bn as of December 31, 2024, compared to ₦22.98bn in 2023.
Speaking on the results, Catherine Nwosu, Managing Director/CEO of Africa Prudential, reaffirmed the company’s commitment to growth and innovation.
She said, “Our 2024 performance is a demonstration of our long-term strategy and adaptability in a dynamic market.
“We have doubled our profitability and continue to prove to our shareholders that we are fully committed to value creation.
“Next year will even be more phenomenal as we are on track to roll out a long line up of innovative products and services developed to enhance service delivery in the capital market.
“We remain dedicated to delivering superior value to our shareholders, expanding our service offerings, and redefining capital market solutions across Africa.”
Africa Prudential Pays 82% Of Earnings As Dividend is first published on The Whistler Newspaper
Source: The Whistler
