Old Mutual Ltd. (ODMUF) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into ODMUF stock, check out TipRanks’ Stock Analysis page.