Text Version
RSS Feeds
Newsletter
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  SERVICES
  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
 -
 -
China Life net profit down 61% in Q1 on stock slumps
+ -
08:37, April 28, 2008

 Related News
 China Life's market share rises to 39.7%
 China Life to trim its holdings
 China Life's net profit surges 94.8% in 2007
 Insurance giant China Life's net profit surges 94.8% in 2007
 China Life invests $300m in Visa offering
 Comment  Tell A Friend
 Print Format  Save Article
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 (about 496 million U.S. dollars), 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.

Source: Xinhua



  Your Message:   Most Commented:
Chinese netizen discussion of"boycott on French goods"
What is Nancy Pelosi really up to?
Dalai's brag about "peace", "non-violence" is nothing but lie
FM: China strongly denounces CNN host's insulting words
"A slap in face" to Paris itself

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved

http://english.people.com.cn/90001/90776/90884/6399915.pdf