H1 16 gross sales stood at £15,992m, up 10% at CER (up 3% as reported). Old Mutual Emerging Markets’ profits decreased by 22% at CER to £260m. While gross sales reduced by 2% to R103.7bn. Old Mutual Wealth produced a good performance with sales up 16% to £11.3bn but profit was down by 104% to £104m yoy. FuM was up 7% to £111.2bn. NCCF stood at £3.2bn, an increase of 93% yoy. Nedbank’s net interest income and non-interest revenues were up 12% and
01 Sep 2016
Mixed figures
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Mixed figures
Old Mutual Ltd. (OMU:LON) | 43.4 0.1 0.7% | Mkt Cap: 2,078m
- Published:
01 Sep 2016 -
Author:
Bassem Neifer -
Pages:
3
H1 16 gross sales stood at £15,992m, up 10% at CER (up 3% as reported). Old Mutual Emerging Markets’ profits decreased by 22% at CER to £260m. While gross sales reduced by 2% to R103.7bn. Old Mutual Wealth produced a good performance with sales up 16% to £11.3bn but profit was down by 104% to £104m yoy. FuM was up 7% to £111.2bn. NCCF stood at £3.2bn, an increase of 93% yoy. Nedbank’s net interest income and non-interest revenues were up 12% and