Old Mutual operating profit up 22%, announces near-completion of four-way split

The timetable is reasonably tight… We’re dependant on outside events to a certain extent… Ultimately, the shareholders have to decide on what it is that they want… We intend to have this materially complete by the end of 2018...

Bruce Hemphill, Old Mutual Group

Old Mutual announced a 22% rise in operating profit for 2017 on Thursday.

Adjusted operating profit amounted to £2 billion.

The company will pay a second interim dividend of 3.57 pence per share, and a total dividend of 7.1 pence.

This represents an increase of 17%.

Old Mutual is wrapping up the process of breaking itself into four parts.

The Money Show’s Bruce Whitfield interviews Old Mutual Group Chief Executive Bruce Hemphill.

Listen to the interview in the audio below.

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Old Mutual operating profit up 22%, announces near-completion of four-way split


Recommended

by NEWSROOM AI
Read More
10 most investment attractive countries in Africa (Egypt is tops, sorry SA!)

10 most investment attractive countries in Africa (Egypt is tops, sorry SA!)

The Money Show’s Bruce Whitfield interviews Celeste Fauconnier, co-author of RMB’s 2019 “Where to Invest in Africa” report.

'Let’s tax this thing and make money out of it!'

'Let’s tax this thing and make money out of it!'

The Money Show's Bruce Whitfield interviews Jeremy Berke (Business Insider) and Unathi Henama (Tshwane University of Technology).

Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

Kaptein Kurt Darren on music and all the money he’s making from it

Kaptein Kurt Darren on music and all the money he’s making from it

Laat die dansvloer brand! The Money Show’s Bruce Whitfield interviews Afrikaans musician Kurt Darren.

Millennials – contrary to the stereotype - are very, very good with money

Millennials – contrary to the stereotype - are very, very good with money

Life is really hard for young adults, but they’re more than coping. Old Mutual research suggests older adults can learn from them.

Solutionist Thinking: In Conversation with Andrew Levy

Solutionist Thinking: In Conversation with Andrew Levy

In the final episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with the serial entrepreneur, Andrew Levy.

Popular articles
Comair reports record earnings, 72nd profitable year in a row – a world record!

Comair reports record earnings, 72nd profitable year in a row – a world record!

Recession, soaring fuel costs and surplus capacity - yet profits keep coming! Bruce Whitfield interviews Comair CEO Erik Venter.

'Let’s tax this thing and make money out of it!'

'Let’s tax this thing and make money out of it!'

The Money Show's Bruce Whitfield interviews Jeremy Berke (Business Insider) and Unathi Henama (Tshwane University of Technology).

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Concourt ruling on cannabis needs to filter down to cops, says dagga couple

Myrtle Clark and Julian Stobbs, dubbed the dagga couple, have been trying for years to have dagga legalised.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.

Cape Town dams on 70% for the first time since 2015

Cape Town dams on 70% for the first time since 2015

Cape Town's dam levels have hit the 70% mark but experts say Capetonians still have to be cautious in their water consumption.

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

[WATCH] Dad stops baby from crying, Emmy acceptance speech turns into proposal

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

17-year-old learner killed teacher for not allowing him to jump the food queue

17-year-old learner killed teacher for not allowing him to jump the food queue

Spokesperson for Education department says the fact that this learner is still in Grade 10 at 17 may indicate there is a problem.