Old Mutual Ltd - Nedbank Group Limited H1 18 results
Incorporated in the
Registration number: 2017/235138/06
JSE Share Code: OMU
NSX Share Code: OMM
NEDBANK GROUP - UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE 6 MONTHS ENDED
The following is the opening comments from Mike Brown, Chief Executive of the
"NEDBANK GROUP - UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL RESULTS FOR THE 6 MONTHS ENDED
Strong performance in a difficult environment
Nedbank continues to make good progress in delivering market-leading client value propositions and digital innovations. This focus has enabled us to increase our total client base to over eight million for the first time, grow revenues and unlock operating efficiencies. In the second half of 2018 we look forward to the launch of more exciting innovations for clients. Our strategic enablers, including ongoing technology investments, our people, our culture and our brand, are creating a more client-focused, agile, competitive and digital Nedbank.
Given the strong growth in diluted headline earnings per share in the first half of 2018, together with expectations of a slowly improving economic outlook and ongoing delivery on our strategy, our guidance for growth in diluted headline earnings per share for 2018 remains unchanged, being in line with our medium-to-long-term target of greater than or equal to GDP plus CPI plus 5%.
The full announcement can be found on the Nedbank website at www.nedbankgroup.co.za.
Patrick Bowes (Interim Head of Investor Relations) T: +44 (0)20 7002 7440
Tabby Tsengiwe T: +27 (11) 217 1953
M: +27 (0)60 547 4947
Notes to Editors
Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 17 countries. Old Mutual's primary operations are in South Africa and the rest of Africa, and it has niche businesses in Latin America and Asia. With over 170 years of heritage across sub-Saharan Africa, we are a crucial part of the communities we serve and broader society on the continent.
For further information on Old Mutual, and its underlying businesses, please visit the corporate website at www.oldmutual.com.
This information is provided by RNS, the news service of the
Quick facts: Old Mutual Limited
Market Cap: £2.72 billion
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