Old Mutual flags profit surge amid strong sales
Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
11 August 2022 - 09:42
SA’s third-largest insurer, Old Mutual, says its headline profit could rise by almost three-quarters in its half-year to end-June, having recently indicated it was seeing a healthy recovery from the ravages of Covid-19.
Headline earnings are expected to rise in a range of 53% to 73% to as much as R5.455bn, the group said in a trading update, without going into much detail. This would still be as much as 6.75% below the R5.85bn booked for the same period of 2019...
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