We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

Prudential posts 13 percent half year profits rise


Its US and Asian operations helped boost its group profits thanks to strong growth

Article comments

Prudential posted a 13 percent rise in its profits for its first six months, buoyed by strong growth in its US and Asian operations, the insurer said on Friday.

Prudential recorded an operating profit of £1.16 billion in the first six months of 2012, beating analyst forecasts of £1.13 billion.

The UK’s biggest insurer invests cash from its mature UK operation to fund expansion in the booming economies of south-east Asia.

"Prudential has produced a strong performance across our key financial metrics despite the considerable global macroeconomic challenges," chief executive Tidjane Thiam said in a statement.

Prudential shares were up 0.3 percent by 9:28 a.m. British Time, narrowly outperforming a flat Stoxx 600 European insurance share index. The stock has risen 27 percent since the start of the year, outperforming a 15 percent increase for the sector.

Share:

Comments

Prudential posts 13 percent half year profits rise
Financial Planning

Budget: What business wants

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..


Card Factory planning London listing

Share float could see company valued close to £1 billionmore ..

Unilever reports Q1 sales growth of 3.6%

However, consumer product giant’s turnover hit by 8.9% negative currency impactmore ..

Spirent posts 16% rise in Q1 revenue

Networks testing firm benefiting from 4G rollout in Chinamore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Digital streamlining of travel and expense claims [Part II]

Concur shows CFOs how to make life easier when the auditors come knockingmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Do you have what it takes to become a non-executive?

Do you have what it takes to become a non-executive?

The benefits of board service for CFOs more ..

In Depth
How M&A teams can create value by challenging the CEO

How M&A teams can create value by challenging the CEO

A typical “hold” period of nine to 18 months can generate increased sale value more ..

Advertisement

* *