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UOI posts lower Q1 profit, higher EPS

Published Tue, Apr 28, 2015 · 09:50 PM
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Singapore

UNITED Overseas Insurance (UOI) on Tuesday posted a 20.8 per cent drop in first quarter FY2015 net profit to S$9.36 million.

Annualised earnings per share came up to 59.74 Singapore cents in Q1, up from 58.86 cents in the year-ago period.

Gross premiums written for the quarter slid 4.5 per cent to S$29.3 million, primarily due to timing difference in the booking of an insurance scheme and portfolio pruning. "In the absence of this timing difference…

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