Old Mutual Ltd. ( (ODMUF) ) has issued an announcement.
Old Mutual Limited reported a 14% growth in adjusted headline earnings for 2024, with a 17% increase in earnings per share, reflecting its strategic focus on profitable growth and operational efficiencies. Despite challenges in consumer confidence and high household debt in South Africa, the company maintained a strong financial performance, with a 4% growth in results from operations and a robust cash generation profile. The company declared a final dividend of 52 cents per share, supported by a strong balance sheet and a solvency ratio of 182%. Old Mutual continues to focus on expanding its market share, optimizing its balance sheet, and enhancing shareholder value through strategic investments and operational improvements.
More about Old Mutual Ltd.
Old Mutual Limited is a financial services group based in South Africa, focusing on providing insurance, investment, and banking solutions. The company operates across various regions, including South Africa and other African countries, and is committed to optimizing its balance sheet and enhancing shareholder returns.
YTD Price Performance: -2.88%
Average Trading Volume: 5,286
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $2.98B
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