Corporate Brief: AFRIPRUD Plc Q3 2017: Revenue and Net income came in at 48.9% and 59.1% respectively

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Africa Prudential Registrars Plc Q3 ’17 revenue and net income came in at 48.9% and 59.1% respectively compared to Q3 ’16 figures.
Revenue was substantially boosted by spike in net investment income which comprises returns on term deposit, treasury bills and bonds as interest environment was high.
Interest income on treasury bills represents 63.5% of the total investment income and grew by 290.8% against the figure reported in Q3 ’16.
Key Highlights:
  • African Prudential Registrars Plc Q3 ‘17 revenue and net income came in at 48.9% and 59.1% respectively compared to Q3 ’16 figures.
  • Revenue was substantially boosted by spike in net investment income which comprises returns on term deposit, treasury bills and bonds as interest environment was high.
  • Interest income on treasury bills represents 63.5% of the total investment income and grew by 290.8% against the figure reported in Q3 ’16.
  • The company’s cost items were relatively controlled as depicted by cost to income ratio below. The impairment charges is a carrying cost from the acquisition of UAC Registrars Ltd.
  • At current position, performance ratios are positive and shows efficiency in management of the firm’s assets as depicted below.
Kindly click on this  link  to see full details on the Corporate Brief of the firm.
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