One-time disposal gain lifts Great Eastern
Second-quarter earnings up 14% at S$277.7 million, boosted by partial sale of investment in New China Life
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Singapore
LIFTED by a gain from the sale of part of the group's investment in insurer New China Life, Great Eastern Holdings posted a 14 per cent year-on-year rise in second-quarter net profit to S$277.7 million.
The improvement was primarily due to the S$119.9 million (post-tax) gain from the sale.
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