logo

Old Mutual pays the price for tough economy, share price knocked

PUBLISHED: Tue, 12 Mar 2019 10:08:50 GMT

Share

Old Mutual released its annual financial results for the full year ended 31 December 2018. The company announced it had suffered severely due to declining economic conditions; headline earnings dropped 12 per cent to 239.1 cents. The insurance company have attributed the drop in earnings, in part, to high unemployment rates, VAT and fuel hikes. The board declared a 72 cents dividend per share, joining CNBC Africa for more is Peter Moyo, CEO, Old Mutual….


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED