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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

Published Tue, Jul 28, 2015 · 09:50 PM
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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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