PRU.LSE▲4
Prudential's New Business Profit Up 8%, Dividend Raised 15%
Prudential plc reported an 8% increase in new business profit for the first half, reaching $1,384 million. The ASEAN market grew 13%, while adjusted operating profit after tax rose 10% to $1,523 million. Earnings per share surged 17% to 58.4 cents. The company also announced an additional $300 million share buyback, bringing the total to $1,500 million, and increased the interim dividend by 15% to 8.88 cents per share. It continues to expand in Malaysia and India, acquiring a 75% stake in Bharti Life.
PRU.LSE · Capital · Positive Prudential reported 8% higher new business profit, 10% rise in adjusted operating profit, 17% EPS growth, a $300M additional buyback and a 15% dividend hike.
PRU.LSE · Demand · Positive ASEAN new business grew 13% and the company continues expanding in Malaysia and India, signaling stronger end-customer demand for its products.
Bharti Life Insurance · Capital · Positive Prudential acquired a 75% stake in Bharti Life, a capital/M&A event involving the company.