Legal & General posts flat interim profit, lifts divi 5%

(Sharecast News) - Financial services and asset management group Legal and General on Wednesday reported flat interim core operating profit, in line with expectations. The company said profit for the half rose 1% to £849m, adding that it expected 2024 core operating earnings to grow by mid-single digits year-on-year. It also lifted its interim dividend by 5% to 6p a share.

Profit after tax fell to £223m from £377m a year ago and assets management were also lower at £1.14bn from £1.17bn.

Reporting by Frank Prenesti for Sharecast.com