Old Mutual Plc (OML.L,ODMTY.PK) said its profit attributable to equity holders of the parent for the first half climbed to 931 million pounds or 17.7 pence per share from 738 million pounds or 13.5 pence per share in the same period a year earlier.
Profit from continuing operations after tax declined to 492 million pounds from 731 million pounds in the year-ago period.
Pre-tax profit fell year-over-year to 733 million pounds from 909 million pounds.
Total revenues for the six-month period were up to 8.44 billion pounds from last year's 6.51 billion pounds.
Julian Roberts, Group chief executive, stated, "Against a backdrop of sustained low growth and falling interest rates we continue to deliver good strategic and operational progress. We are expanding in attractive African markets; introducing new products across the Group; and today are unveiling our UK Platform pricing ahead of the introduction of the Retail Distribution Review. We have built a portfolio of resilient, high quality and cash generative businesses. Although economic conditions remain uncertain, we remain confident that we have the right offering, the right people and exposure to both emerging and developed markets that will allow us to continue to create value for both shareholders and customers."
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by RTT Staff Writer
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