Earnings climb
Source: Bloomberg News |
April 26, 2013, Friday
|
Print Edition
Print Edition
CHINA Life Insurance Co, the nation's biggest insurer, reported a 79-percent jump in profit in the first quarter as investment returns rose and impairment losses fell. Net income rose to 10.1 billion yuan (US$1.6 billion) from 5.63 billion yuan a year earlier, the Beijing-based company said in a statement to the Hong Kong stock exchange yesterday. Investment income rose 37 percent to 26.1 billion yuan, while impairment losses dived 89 percent, the statement said.
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