Old Mutual cautiously optimistic of economy

Old Mutual Zimbabwe posted solid results with total revenue for the year growing 29 percent to US$194,8 million from US$151,1 million prior year.

OLD Mutual Zimbabwe says it is cautiously optimistic about the country’s market outlook, citing sustained macroeconomic stability supporting operations despite external risks from the Middle East conflict. This comes as the diversified financial services group posted a 43 percent year-on-year increase in after tax profit of US$40,177 million for the year driven by new propositions…

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