Fall in non-underwriting income hits UOI's Q2 bottom line
Add BT as a preferred sourceSingapore
UNITED Overseas Insurance (UOI) achieved a 12.5 per cent rise in second-quarter underwriting profit despite lower net earned premiums. But the group's net profit tumbled 47.8 per cent to S$5.09 million for the three months ended June 30, 2015, as non-underwriting income took a hit.
Annualised earnings per share for Q2 were 33.29 Singapore cents, down from 53.11 cents a year ago.
TRENDING NOW
Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine
Malaysia’s Genting posts Q2 net loss despite 14% rise in revenue
