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.

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


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