RE: Half Year Results.15 Aug 2022 11:27
This will support us in delivering a dividend that is 'sustainable and grows over time'," the London-based insurance services provider said.
Phoenix's total revenue climbed 28% to GBP2.69 billion in the first half of 2022 from GBP2.10 billion a year earlier.
However, its pretax loss widened to GBP1.65 billion from GBP454 million. Its bottom line was hit by a GBP31.61 billion net investment loss, swinging from income of GBP8.11 billion a year earlier. Maybe this last paragraph has something to do with the share price.