Johannesburg - Old Mutual [JSE:OML] said 2014 profit fell after the average rate of the rand weakened 18% against the pound on Friday.
Net income from continuing operations declined to £902m (R16bn) from £980m (R17.4bn) a year earlier, the London-based company said in a statement on Friday.
Adjusted operating earnings per share fell 3% on a reported currency basis to 17.9 pence, which still beat the 17.8p median estimate of 12 analysts surveyed by Bloomberg.