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“Positive performances across each of our businesses have contributed to Old Mutual’s improved results so far in 2004. The momentum seen in the first half has been sustained as we have made progress with our declared strategy.
Sasfin has delivered a 185% increase in headline earnings per share to 236,5c (2003: 83c) for the year ended 30 June ‘04, while earnings attributable to ordinary shareholders climbed to R60,2m (2003: R20,4m).
Discovery reported a 102% growth in operating profit in the year to 30 June 2004 although headline earnings per share before abnormal items rose by 18% to 77.4 cents, on a fully diluted basis.
(26.8.04) Santam has benefited from a favourable period and reported a 181% jump in headline earnings per share for the 6 months to the end of June 2004.