Profit of Old Mutual has grown on 14 %
22 September 2008In the first half-year of 2008, profit of the British insurer Old Mutual, earning the most part of the profit in Southern Africa, has grown on 14 %.
The profit of the company has made 549 million pounds or 10,5 pence per share. The greater growth has been slowed weakness of the African currency and necessity of injection of additional means in Old Mutual’s American subdivisions.
This year Old Mutual’s capitalization has fallen on 37 % because of traders fears, concerning excessive dependence of the company on the business in Africa, and also because of greater write-offs’ expectations.
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