May 18, 2017 / 3:13 PM / 5 months ago

BRIEF-Liberty Holdings Q1 group indexed new business up 6 pct

May 18 (Reuters) - Liberty Holdings Ltd:

* Upward trend in group sales observed in H2 2016 continued in Q1 of 2017, with group indexed new business up 6% compared to Q1 of 2016

* New business margins for quarter remained under pressure

* Says lower economic growth and rand volatility during quarter continued to impact operating performance

* Q1 ended 31st March assets under management amounted to 682 bln rand (31 December 2016: 676 bln rand)

* Says group remains well capitalised post downgrade of south africa’s sovereign credit rating in april 2017 Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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