Prudential Posts 8 Percent Rise in First-Half Profit
Insurer Prudential reported an eight percent rise in first-half new business profit to 1.38 billion dollars on Thursday. The company also expanded its ongoing share repurchase program by 300 million dollars and announced an interim dividend.
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PRUDENTIAL PLC posted a first-half new business profit of $1.38 billion on Thursday, rising 8% and expanding its share buyback program by $300 million. The result missed the Visible Alpha consensus estimate of $1.39 billion by a narrow margin. Strong performance in Hong Kong, Malaysia, and Singapore powered the gains.
