Legal & General reports 73% profit loss
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Legal & General reports 73% drop in profits
However, LGIM reported a 9% increase to £1.2tn in assets under management in the first six months of the year
By Bérengère Sim
Updated: August 5, 2020 10:26 am GMT
UK financial services giant Legal & General reported a 73% drop in profits after tax as the Covid-19 pandemic dented the company’s balance sheet.
In its half year results published on 5 August, the blue-chip firm reported profits before tax of £285m in the first six months of 2020, compared to £1bn in the same period a year ago. In its financial statement, Legal & General said the…
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https://www.fnlondon.com/articles/legal-general-reports-73-drop-in-profits-20200805