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Old Mutual posts promising results

An Onchan-based wealth management company says it saw its sales rise by more than a third in the first six months of this year.

Old Mutual Wealth has released its interim results for the first half of 2017, and says it saw strong trading and profits.

The company, based in King Edward Road, says its gross sales increased by 34 per cent to £14.1 billion.

And it also saw its pre-tax operating profit leap 29 per cent to £134 million.

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