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
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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.
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