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Great Eastern Q4 earnings down 26%

Profit from core insurance business falls 23% to $172 million due partly to one-off items

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GREAT Eastern Holdings Limited reported yesterday that its net profit for the fourth quarter ended Dec 31, 2013, fell 26 per cent to $165.9 million from $225.6 million a year ago due to lower profit from its insurance business - PHOTO: BT

Singapore GREAT Eastern Holdings Limited reported yesterday that its net profit for the fourth quarter ended Dec 31, 2013, fell 26 per cent to $165.9 million from $225.6 million a year ago due to lower profit from its insurance business. Profit from its core insurance business fell 23 per cent