Africa Prudential in its half year 2017 financials grew registrar's income by 12% to N464mn, an 87% rise in net investment income boosted gross earning by 55% to N1,467mn. Impairment loss rose to N63mn, while total expense grew by 35% to N479mn. Profit before tax jumped by 57% to N951mn, while after tax profit grew by 229% to N864mn as income tax slipped by 75%.
Balance sheet numbers showed an 11% rise in total assets to N19bn, financial assets were up by 17% to N13bn and deposits rose by 11% to N13bn. See details of the result below.
| Income Statement | H1 2017 | H1 2016 | % Change |
| Registrar Income (mn) | 464 | 413 | 12% |
| Net Investment Income (mn) | 1,003 | 536 | 87% |
| Gross Earnings (mn) | 1,467 | 949 | 55% |
| Impairment Loss (mn) | 63 | - | 0% |
| Total Expense (mn) | 479 | 355 | 35% |
| PBT (mn) | 951 | 605 | 57% |
| TAX Expense/Credit(mn) | 87 | 343 | -75% |
| PAT (mn) | 864 | 263 | 229% |
| Balance Sheet | H1 2017 | FY 2016 | % Change |
| Fixed Assets (mn) | 191 | 202 | -5% |
| Total Assets (mn) | 18,642 | 16,822 | 11% |
| Financial Assets (mn) | 13,195 | 11,253 | 17% |
| Deposits (mn) | 12,980 | 11,743 | 11% |
| Total Liabilities (mn) | 13,712 | 12,271 | 12% |
| Net Assets (mn) | 4,930 | 4,551 | 8% |
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