March 16, 2020 / 5:17 AM / 18 days ago

S.Africa's Old Mutual reports 7% rise in full-year profit

JOHANNESBURG, March 16 (Reuters) - South Africa’s Old Mutual said on Monday its adjusted full-year profit rose by 7%.

The insurer’s adjusted headline earnings per share for the year to Dec. 31 stood at 209.3 cents ($0.1283), versus 195.1 cents a year earlier.

Headline earnings per share is the main profit measure in South Africa. ($1 = 16.3118 rand) (Reporting by Emma Rumney; Editing by Shailesh Kuber)

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