Friday 07 August 2015 by Justin McCarthy Company updates

Old Mutual 1H15 results update

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

Old Mutual has posted a strong set of 1H15 results overnight

Key points:

  • Underlying profit up 20% to GBP904m – 14% increase in South Africa, 31% increase from the rest of Africa and UK up 26%
  • Results were ahead of market estimates of GBP850m
  • Old Mutual will continue to focus on growing the emerging markets side of the business
  • Increase in dividend of 8.2%
  • Shares were up almost 5% following the results

For further detail please see Old Mutual's webpage for Interim Results 2015External link - opens in a new window.

Earn over
6% pa* with Corporate Bonds

Subscribe to The WIRE newsletter

Sign up to a free weekly newsletter to get the latest investment news.