(Source: Old Mutual plc) REVIEW OF FINANCIAL PERFORMANCE IFRS and AOP results for the period H1 2016 IFRS pre-tax profit was £608 million; £75 million lower than reported in H1 2015 of £683 million. Basic earnings per share was 5.7p for the period ended 30 June 2016, compared with 5.4p in in H1 2015. The plc analyses performance using an alternative profit measure, Adjusted Operating Profit (AOP), which management believes better reflects the sustainable underlying profit generation of the business. AOP performance is described in further detail below. Further explanation of the adjustments between the IFRS to AOP results is included after the analysis of AOP performance. Analysis of...
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