SUBSCRIBERS

Great Eastern's Q1 net profit more than doubles to S$218m

Gross premiums rise 19 per cent, total weighted new sales up 29 per cent

Published Fri, Apr 28, 2017 · 09:50 PM

Singapore

GREAT Eastern Holdings' net profit more than doubled to S$217.9 million in the first quarter of 2017 on stronger insurance sales and investment gains, the insurance arm of lender OCBC Bank announced on Friday.

On a per-share basis, Great Eastern's profit attributable to shareholders rose to 46 Singapore cents, up from a year-ago 20 cents, for the three months ended March 31, 2017. As usual, no dividend was declared for the quarter.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes