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Great Eastern Q4 profit falls 68% to S$137m on market volatility

Shareholders fund's investments register loss of S$45.4 million; operating profit from insurance business up 5%


GREAT Eastern reported on Wednesday a 68 per cent fall in net profit for the fourth quarter, roiled by volatile market conditions.

Net profit for the three months ended Dec 31, 2018 stood at S$136.9 million, down from S$426.8 million for the same period a year ago.

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