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Great Eastern's Q3 net profit falls 26%
Published Mon, Oct 29, 2018 · 09:50 PM
Singapore
GREAT Eastern Holdings (GE), the insurance arm of OCBC Bank, turned in a net profit of S$213.3 million for its third fiscal quarter, down 26 per cent from S$287.5 million in the year-ago period.
Mainboard-listed GE said the fall was due to lower operating profit and non-operating profit from its insurance business, but this was amelio-rated by higher profit from the shareholder's fund.
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