A Glance: Africa Prudential Registrars Plc Q3 ended Sept 2017
- 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.
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