Old Mutual Ltd. (ODMUF) has released an update.
Old Mutual Limited reported a solid interim performance, with a 3% growth in adjusted headline earnings and an impressive 14% increase in shareholder investment returns, influenced by South African equities. Share buybacks and improved equity markets contributed to a 5% rise in funds under management, and a robust solvency ratio maintained financial stability. Despite operational complexities, the company declared a 6% increased interim dividend, reflecting confidence in its liquidity and capitalization.
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