Old Mutual profit grows 174 percent

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OLD Mutual Zimbabwe (OM) posted significant growth in 2021, registering an inflation adjusted profit after tax of $28,8 billion, up from $10,5 billion achieved in the prior year.
In historical cost terms, this translated to a profit after tax of $35,6 billion, up from $11,1 billion achieved last year, the financial services giant’s results showed this week.

Group chairman Kumbirayi Katsande said OM also sustained adequate capital, solvency and liquidity levels to meet regulatory thresholds throughout the period under review, adding that the solid performance was despite significant headwinds.