SUMMARY FINANCIAL RESULTS
- Adjusted Net Asset Value (NAV) at 228.6p per share (2015: 178.9p per share), due to favourable currency movements and an increase in the market value of Nedbank;
- Pre-tax adjusted operating profit (AOP) of £1.7 billion, broadly flat year-on-year in constant and reported currency;
- AOP earnings per share (EPS) of 19.4p broadly flat (2015: 19.3p) in constant and reported currency, basic EPS of 11.9p (2015: 12.7p);
- IFRS pre-tax profit of £1.2 billion (2015: £1.2 billion), including impairments of £160 million in 2016 in respect of Ecobank Transnational Incorporated (ETI), Old Mutual Southern and East Africa (OMSEA) and Old Mutual Wealth Italy;
- Second interim dividend of 3.39p; total dividend of 6.06p, representing a cover ratio of 3.2 times on AOP;
- FUM (excluding Rogge) at £394.9 billion up 30%; NCCF of £6.4 billion, excluding Rogge (2015: £6.6 billion).
Source: www.oldmutualplc.com