Old Mutual Q1 gross sales beat forecasts, up 18 pct

May 14, 2015 6:15 AM

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LONDON May 14 Anglo-South African financial services firm Old Mutual said first-quarter gross sales rose an above-forecast 18 percent to 7.3 billion pounds ($11.50 billion), but net client cash flows came in below forecast.

Analysts in a company-supplied forecast had expected a 7 billion pound rise in sales for the quarter ending March 31, on a constant currency basis.

Also read: BRIEF-Draegerwerk sees FY net sales growth at lower end of forecast range

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