Great Eastern's Q3 profit down 31%

Singapore

GREAT Eastern Holdings posted a 31 per cent drop in its third quarter 2014 net profit to S$194.6 million, from S$282.8 million a year ago, dragged by lower unrealised mark-to-market gains.

The oldest life insurance group in Singapore and Malaysia on Wednesday reported a 4 per cent dip in gross premiums to S$2,124 million.