Prudential raises dividend as Hong Kong and China drive profits

A boom in business in Hong Kong and China has helped Prudential to report record operating profits and offset declines in its domestic market and other parts of Asia.

The UK-based insurer reported record full-year profits on Tuesday that beat analysts’ expectations and helped shares in Prudential to rise 3 per cent.

Eamonn Flanagan, analyst at Shore Capital, described the numbers as “astonishing.”

Asia was responsible for much of the growth. Profits there were up 28 per cent as the Hong Kong business continued to pull in new customers, more than two-thirds of which come

source http://www.omnipopmag.com/2017/03/14/prudential-raises-dividend-as-hong-kong-and-china-drive-profits/