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Great Eastern's Q3 profit slips 4% on non-operating losses

Insurer weighed down by non-operating losses of S$31.8m, compared to profit of S$20.6m previously

Fiona Lam

Published Fri, Oct 25, 2019 · 09:50 PM

Singapore

GREAT Eastern Holdings posted a 4 per cent drop in net profit to S$205.1 million for the third quarter ended Sept 30, from S$213.3 million a year ago.

The insurance arm of OCBC Bank was weighed down by non-operating losses of S$31.8 million, compared to a non-operating profit of S$20.6 million in the corresponding period last year. Great Eastern said t…