Prudential’s dividend increased16% following a 25% increase in operating profits to £2.53bn . The insurer has benefited from strong growth within its activities in Asia.
The FTSE 100 topped the FTSE 100 risers on Wednesday, with a gain of over 7 percent.
An analyst from Investec said:
“We view Prudential’s 2012 results as very good on all metrics. The most interesting number, in our view, is that Asia became the largest cash generator for the group in 2012 with £384m. This is a significant achievement, we believe, given that in 2009 it only managed £40m. Prudential has been transformed since 2010 into a strongly cash-generative business; the outperformance of the stock is likely to continue.”
Read More: Guardian
