Background: #EDF0F5 #FAFBE6 #FFF2E2 #FDE6E0 #F3FFE1 #DAFAF3 #EAEAEF Tacitly approves  
Reading news

China Life Insurance 3Q net profit down 70%

[Date: 2008-10-29] Origin: International Herald Tribune  [Font: Large Medium Small]
 
China Life Insurance, the country's biggest insurer, says its third-quarter net profit fell 70% from a year earlier due to weaker investment returns. Operating revenue was 76.97 billion CNY (11.3 billion USD), up 26.6% from a year earlier. But the company saw unrealized losses on securities investments totaling 8 billion CNY (1.2 billion USD). That compared to a gain of 11.1 billion CNY a year earlier. China Life said its foreign exchange losses due to the strengthening of the Chinese currency totaled 1 billion CNY (146 million USD) in the first nine months of the year.
Reading: 
Input: admin

[ Recommendation ] [ Print]
Previous: Sohu.com Q3 net profit up 316% YoY
Next: China, Hong Kong regulators may review short selling
Related news      
This article comments       Completely comments
Makes the commentary


Comment on:
Name:

  • Respects the on-line morals, observes each relevant laws and regulations of the People's Republic of China
  • Undertakes civil and criminal legal liabilities directly or indirectly caused by your behavior
  • The webmaster is authorized to maintain or delete any information published in its jurisdiction
  • The webmaster is authorized to reproduce or cite your comments within the web
  • Once you publish your comments, you agree to all the above terms
 
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui West Road.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700 Fax:+86 22 23910555
E-mail: Postmaster@businesstianjin.com
Copyright 2007-2008 InterMediaChina.com. All rights reserved.