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GE Q1 net profit up 68% to S$152.9m

Published Fri, May 4, 2018 · 09:50 PM

Singapore

INSURER Great Eastern's (GE) first-quarter net profit grew 68 per cent to S$152.9 million, thanks to higher earnings from its Singapore insurance business.

However, this was offset by losses from changes in the fair value of its investments, arising from "unfavourable market conditions", GE said in an exchange filing on Friday.

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