|
BIZCHINA> Center
![]() |
|
Related
China Life Q1 net profit down 61%
(Xinhua)
Updated: 2008-04-28 09:22 China Life Insurance Company Limited, the country's largest life insurer, said Sunday its first-quarter net profit plummeted 60.9 percent year on year on slumps of its stock investment returns. The insurer's net profit in the first three months stood at 3.47 billion yuan ($ 494.97 million), or 0.12 yuan per share, the company said in a statement to the Shanghai Stock Exchange on Sunday night. It attributed the profit plunge to the sharply lower returns from its investment in the country's stock market, whose major index had shed more than 43 percent by Friday from its peak in October. The shares of 10 listed firms China Life invested in saw their total value shrink by 30.4 percent to 56.9 billion yuan in the first three months, said the company. Its insurance premiums soared 39.5 percent to 101.6 billion yuan, with revenues from insurance businesses up 38.3 percent to 102.2 billion yuan, due to strengthened promotion and increased domestic demand, said the company. (For more biz stories, please visit Industries)
|
汝州市| 尚义县| 呼玛县| 增城市| 象州县| 赫章县| 台东县| 于田县| 中宁县| 个旧市| 普安县| 儋州市| 广饶县| 射阳县| 石景山区| 晋州市| 桃园市| 彝良县| 湘阴县| 靖安县| 嘉兴市| 黑龙江省| 页游| 阆中市| 上蔡县| 通榆县| 洪泽县| 顺义区| 临桂县| 武川县| 锦屏县| 上饶县| 克拉玛依市| 白沙| 永城市| 屏东市| 禹城市| 鄯善县| 信丰县| 留坝县| 和龙市|