One-time disposal gain lifts Great Eastern

Singapore

LIFTED by a gain from the sale of part of the group's investment in insurer New China Life, Great Eastern Holdings posted a 14 per cent year-on-year rise in second-quarter net profit to S$277.7 million.

The improvement was primarily due to the S$119.9 million (post-tax) gain from the sale.

For the first six months of the year, net profit grew 5 per cent year-on- year to S$498.2 million.

An interim dividend of 10 Singapore cents per share will be paid on Sept 2.

Gross premiums for the quarter fell 8 per cent yea…