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GE Q1 profit falls 5% in absence of one-off gain

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Moving forward, Great Eastern director and acting group chief executive Norman Ip (above) noted industry developments such as the launch of direct purchase insurance and a web portal that compares life insurance products in Singapore, and the implementation of GST in Malaysia.

Singapore

LIFE insurance group Great Eastern Holdings continued to deliver growth in profit from insurance business for the first quarter of 2015.

But net profit attributable to shareholders for the three months ended March 31 fell 5 per cent to S$220.5 million from S$236.1 million

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