Old Mutual earnings up 8%, intends R2bn buy-back programme

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The group announces a final dividend of 72 cents per share, bringing its total ordinary dividend to 117 cents per share.

Investment, savings, insurance, and banking group Old Mutual on Monday announced an 8% growth in headline earnings in its first full year financial results since its primary listing on the Johannesburg Stock Exchange last June.

Earnings for the year to December climbed to R14.2 billion from R13.1 billion the previous year and CEO Peter Moyo said the group delivered well on its medium-term targets and commitments to investors. Old Mutual announced a final dividend of 72 cents per share, bringing its total ordinary dividend to 117 cents per share.

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