Great Eastern Q1 profit hits S$437.6m on favourable market conditions
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
GREAT Eastern posted a net profit of S$437.6 million for its first quarter ended March 31, 2021, 12.9 times the S$33.9 million it reported for the same quarter last year.
This was mainly due to the higher valuation of its investments amid more favourable financial market conditions, the insurance arm of OCBC said in a bourse filing on Monday.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
