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Sesame revenues down 8 per cent

Reported revenues in Sesame are eight per cent lower than last year, although seven per cent higher than the second half of last year.

Sesame says this increase compared to last year reflects the uptake of new products, generally improved savings market conditions and increased registered individual productivity.

The mega network also says that operating margins are ahead of its expectations, as it saw mortgage revenues starting earlier than expected although the total number of mortgage intermediaries joining the business was lower than it anticipated.

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