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United Overseas Insurance Q3 profit drops 22.4 %

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UNITED Overseas Insurance third-quarter net profit fell 22.4 per cent to S$3.9 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.

UNITED Overseas Insurance third-quarter net profit fell 22.4 per cent to S$3.9 million from the previous year, the group said in a Singapore Exchange filing on Wednesday evening.

For the three months ended Sept 30, revenue inched up 1.8 per cent to S$24.4 million from the previous year.

Q3 annualised earnings per share shrank to 25.68 Singapore cents from 33.1 Singapore cents in the year-ago period. United Overseas Insurance shares were not traded on Wednesday. They finished at S$4.75 on Tuesday, a cent up from the previous session.

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