AMP's Earnings Monitored After Results.Business Editors NEW YORK--(BUSINESS WIRE)--Standard & Poor's Aug. 23, 2001-- Standard & Poor's will continue to closely monitor the development of AMP Ltd.'s earnings during the remainder of 2001 following the release of its half-year results, which were dampened by poor investment markets. A positive feature of the half-year results, however, was the continued solid improvement in operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . AMP's current ratings reflect the expectation of continued earnings improvement in the full year to December December: see month. 2001; however, year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. performance could hamper the achievement of full-year earnings expectations. Uncertainty over investment markets globally remains, particularly in the U.K., which has affected AMP's investment returns in the half year to June 2001. The outlook on AMP's key insurance operating companies operating company A business that engages in transactions with outsiders. was revised to negative on July 3, 2001, reflecting market and integration issues. |
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