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Great Eastern's Q2 profit down 63%

Non-operating deficit up; disposal loss of S$18.7m vs gain of S$119.9m in 2Q15

Published Wed, Jul 27, 2016 · 09:50 PM

Singapore

GREAT Eastern Holdings' second-quarter net profit tumbled as unfavourable market conditions raised non-operating loss and the group registered a S$18.7 million loss on the disposal of its Vietnam subsidiary, against a S$119.9 million gain a year ago from the partial sale of its stake in New China Life Insurance Company.

The three months ended June 30 saw profit attributable to shareholders down 63 per cent at S$102.2 million, translating to earnings p…

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