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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Old Mutual Limited | LSE:OMU | London | Ordinary Share | ZAE000255360 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.35 | 5.49% | 45.15 | 44.75 | 44.90 | 45.30 | 42.50 | 44.10 | 166,988 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 196.4B | 7.07B | 1.5005 | 0.35 | 2.5B |
From Apr 2019 to Apr 2024
By Sabela Ojea
Old Mutual Ltd. said Monday that its business is still being hurt by the coronavirus pandemic and that it expects its first-half results were severely hit.
The South Africa-based financial-services company said sales levels remain below prior levels and that it has raised short-term provisions in anticipation of worsening mortality, morbidity and persistency experience in the second half of 2020.
"These reserves have also increased our provisions for expected credit losses in Old Mutual Finance in recognition of declining GDP forecasts [in South Africa], and the anticipated impact of this on future credit losses," the company said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 24, 2020 02:44 ET (06:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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