Africa Prudential posts NGN16.9 billion assets in nine months

11 plc

Africa Prudential plc is reporting 59% increase in profit to NGN1.3 billion in nine months in the year 2017 compared to NGN822.5 million reported in the same period in the financial year 2016.

The company’s registrar fee income was NGN659.8 million in 2017 compared to NGN626.6 million in the year before while net investment income stood at NGN1.6 billion against NGN902.0 million in the previous year.

Investment income for the period was NGN2.2 billion against NGN1.5 billion in the year 2016 while impairment loss was increased to NGN100.0 million from NGN50.7 million in the year before. Depreciation and Amortization also increased to NGN36.0 million against NGN32.4 million in 2016.

Africa Prudential said its total asset was NGN16.9 billion compared to NGN16.8 billion acquired in the year before while total liabilities was NGN11.5 billion versus NGN12.2 billion in 2016.

Corporate Information

Africa Prudential Registrars Plc (“APR”) is a technology–driven Capital Market Investment Mediator [CMIM]. The company was a fully owned subsidiary of United Bank for Africa Plc. We are a standard-delivery service provider for corporate organizations in the primary and secondary sectors of the capital market. Our pedigree makes us unique.

APR is a thoroughbred in share registration business in Nigeria. We have over 30 years of share registration experience in the Nigerian Capital Market. These had afforded us opportunities to participate in various offers, including IPO, Right Issue, Debenture, State Government Bonds, etc.

It is a leading share registration service provider in Nigeria. We specialise in qualitative, customer-friendly service delivery for corporate organizations. Our presence here allows e-access for our publics to gain insight into our activities. It also provides among others, avenues to inform our publics about what we do, when we do it and how we do it. This portal will, in one swoop, appraise some of the questions you frequently ask. You can also download aid-materials (forms) relative to your needs.