Headline earnings could rise as much as 73% to R5.455bn in the insurer’s half-year to end-June
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...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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