Legal & General's 1st Half Operating Profit Fell, Says Earnings Show Covid-19 Resilience
05 Agosto 2020 - 1:49AM
Noticias Dow Jones
By Sabela Ojea
Legal & General Group PLC on Wednesday reported a fall in
operating pretax profit for the first half of 2020 and said that it
aims to have a similar performance in the second half.
The FTSE 100-listed insurance company posted an operating profit
of 946 million pounds ($1.24 billion) compared with GBP1.00 billion
for the same period a year earlier. The company said this proves
resilience, as the effects of the coronavirus pandemic totaled
GBP129 million.
Its solvency coverage ratio--a key measure of balance-sheet
strength--stood at 173%, up from 171% in the year-earlier
period.
The board declared an interim dividend of 4.93 pence a share,
unchanged from the first half of 2019.
"In the first half, Legal & General delivered resilient
operating profits, a robust balance sheet and highly relevant
products and services," Chief Executive Nigel Wilson said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
August 05, 2020 02:34 ET (06:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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