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13 Mar 2019 | 13:14

Prudential profit rises 30%, driven by Asia growth

Insurance company Prudential posted a 30% rise in annual profit, driven by higher earnings at its Asian operations.

Pre-tax profit for the year through December rose to £3.01bn, while operating profit rose 6% to £4.83bn.

Prudential declared a full-year dividend of 49.35p per share, up 5% on-year.

'In 2018, our financial performance, again led by our Asia operations, is testament to the scale of our opportunity set, the depth of our capabilities and our unrelenting focus on executing our strategy at pace,' chief executive Mike Wells said.

'At the same time we have made good progress in our preparations for the demerger of M&G Prudential from Prudential plc.'

At 1:14pm: (LON:PRU) Prudential PLC share price was +8.5p at 1538.5p

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