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Old Mutual Releases 2024 Trading Statement with Positive Earnings Outlook

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Old Mutual Releases 2024 Trading Statement with Positive Earnings Outlook

Old Mutual Ltd. ( (ODMUF) ) just unveiled an announcement.

Old Mutual Limited announced its trading statement for the year ended 31 December 2024, indicating expected ranges for key profit measures such as headline earnings and earnings per share. The results from operations were driven by strong performance in Old Mutual Insure, Wealth Management, and Old Mutual Investments, although partially offset by lower life profits in Personal Finance and investments in OM Bank. The company’s share repurchase program contributed to growth in earnings per share metrics. The financial information has not been reviewed by external auditors.

More about Old Mutual Ltd.

Old Mutual is a premium African financial services group offering a broad spectrum of financial solutions to retail and corporate customers across key market segments in 12 countries. Its primary operations are in Africa, with a niche business in China, and it has a heritage of over 179 years in sub-Saharan Africa.

YTD Price Performance: 2.42%

Average Trading Volume: 10,143

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.2B

Find detailed analytics on ODMUF stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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