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GE sees stronger Q2 sales growth; profits up 3%

Earnings per share rose 4 per cent to S$0.51

Published Wed, Aug 1, 2018 · 09:50 PM

Singapore

STRONG topline sales helped to boost insurer Great Eastern's results in the second quarter, after a relatively soft showing in the first quarter.

Net profit rose 3 per cent to S$241.1 million while earnings per share rose 4 per cent to S$0.51.

The group declared an interim dividend of 10 Singapore cents per share for the financial year ended Dec 31, 2018.

Operating profit from the insurance business was 3 per cent lower, and non-operating profit was 29 p…

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