L&G reported adjusted operating profits of £1,628m, up 11.2% year-on-year. Except for Savings, which recorded a 7.4% decline in operating profits to £99m, all business lines posted an improvement in profitability. The gold medal goes to Legal & General Retirement (LGR) which recorded a 26.5% increase to £811m, remaining the major contributor to the operating profits (42.6%). Legal & General Capital (LGC) raised its profits by 10% to £257m, while Legal &
08 Mar 2017
A third consecutive year of double-digit growth in operating profits
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A third consecutive year of double-digit growth in operating profits
Legal & General Group Plc (LGEN:LON) | 244 -1 (-0.2%) | Mkt Cap: 14,602m
- Published:
08 Mar 2017 -
Author:
Bassem Neifer -
Pages:
3
L&G reported adjusted operating profits of £1,628m, up 11.2% year-on-year. Except for Savings, which recorded a 7.4% decline in operating profits to £99m, all business lines posted an improvement in profitability. The gold medal goes to Legal & General Retirement (LGR) which recorded a 26.5% increase to £811m, remaining the major contributor to the operating profits (42.6%). Legal & General Capital (LGC) raised its profits by 10% to £257m, while Legal &