Old Mutual tops JSE's blue-chip index

Comment on this story
JSEPic INLSA The JSE board in Sandton in Johannesburg. Photo: Leon Nicholas.

Johannesburg - Shares of Old Mutual jump more than 3 percent to lead Johannesburg's Top-40 index after robust sales by the Anglo-South African financial group boosted full-year profit.

However, volatile currencies in South Africa and other emerging markets kept profits flat.

Adjusted operating profit of 1.6 billion pounds was unchanged from a year earlier but represents 15 percent growth on a constant currency basis.

The company that is also listed in London says it will pay a 6 pence final dividend, bringing the total for the year to 8.1 pence per share. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.