March 12, 2020 / 9:31 AM / a month ago

Just Group posts fall in profit, chairman to retire

FILE PHOTO: London Stock Exchange Chairman Chris Gibson-Smith (L-R), Fresnillo Chief Executive Jamie Lomelin, Alejandro Bailleres, son of the chairman of Penoles/Fresnillo, and Head of Investor Relations at Fresnillo Octavio Alvidrez open the market at the London Stock Exchange in central London May 14, 2008. Fresnillo, which operates silver mines, became the first Mexican company on the London Stock Exchange. REUTERS/Dylan Martinez (BRITAIN)

(Reuters) - Specialist pension provider Just Group (JUSTJ.L) on Thursday posted a fall in 2019 profit due to a tough operating environment and did not declare a dividend for the year.

Separately, the company announced the retirement of Chairman Chris Gibson-Smith.

The mid-cap company, which specialises in annuities for people with reduced life expectancy, said underlying operating profit dropped to 266.4 million pounds in the year ended Dec. 31, from 315.4 million pounds a year earlier.

Reporting by Muvija M in Bengaluru; Editing by Aditya Soni

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