Prudential's New Business Profit Up 8%, Dividend Raised 15%

EarningsCorporate Action
โดย HoonSmart·GB·Read original
Summary · why it matters

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.

Impact on stocks 1

Financials · 1 stocks
Prudential plc
PRU
▲ PositiveCapitalDemandrelevance

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.

Off-coverage companies 1

Bharti Life InsurancePrivate▲ Positive
Capitalrelevance

Prudential acquired a 75% stake in Bharti Life, a capital/M&A event involving the company.