Old Mutual posts rand profit rise for last year

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SOUTH AFRICA/US - Group operating profit was up 8% in rand to R11,431m, but down 15% in sterling to £724m at Old Mutual for the year ended 31 December 2002.

Operating earnings per share, at 11.3p, were 7% lower than in 2001 in sterling, but up 20% to 179 cents in rand terms. The final dividend was unchanged at 3.1 pence. Jim Sutcliffe chief executiv...

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