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Friday, August 19, 2022

Africa Prudential Profit up 13% on Surging Digital Technology Services Revenue

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Africa Prudential Plc reported a 13 percent increase in after-tax profit in the 6months period to June 2022, largely as a result of a major surge in Digital technology services revenue.

Profit increased to N935.77 million in the period, compared to N827.64 million, a year earlier. For Digital Consultancy the performance obligation is satisfied overtime upon delivery of digital solutions as a service to Africa Prudential clients.

The firm provides service in software deployment, implementation and support, systems analysis, design and implementation. The Digital consultancy business also provides training to clients on the solutions deployed.

Revenue for the period came in at N1.99 billion, up 19.3%.

Africa Prudential Plc, is a leading Registrar, Investor Services and Business Support Solutions (digital technology) provider with close to five decades of top-class experience in the Nigerian Capital Market, and currently managing over 80 corporate client services to both public and private companies.

Africa Prudential’s competencies in digital technology covers advanced Agile and other SDLC (Software Development Life Circle) Methodologies, Cyber Security, Cloud Computing, Design thinking / Product Development Labs, Blockchain technology, among others.

 

The firm deploys Platform as a Service (PaaS) and Software as a Service (SaaS) which are scalable for various sizes of organisations. Its solutions have championed disruption in the Capital Market to usher in a new era of automation and exceptional service experience.

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