Market Insight | Prudential drops more than 3%, first-half net profit year-on-year decline of 87.3%, interim dividend increased to 6.84 cents

Prudential dropped more than 3%, as of the time of publication, it fell by 3.02% to HKD 67.55, with a turnover of HKD 1.2663 million. On the news front, Prudential announced its semi-annual performance for the 6 months ending June 30, 2024, recording a shareholder's attributable net profit of USD 120 million, a year-on-year decrease of 87.3%. Based on a fixed exchange rate basis, new business profit was USD 1.468 billion, up 1% year-on-year; excluding the impact of interest rates and other economic factors, it increased by 8%. Adjusted operating surplus was USD 1.544 billion, up 9% year-on-year. Earnings per share were 4.4 cents. Interim dividend of 6.84 cents, compared to 6.26 cents in the same period last year