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China Life net profit up 55% in first quarter

(chinadaily.com.cn)
Updated: 2009-04-24 15:30

China Life Insurance Co Ltd Friday reported a net profit of 5.39 billion yuan ($799 million) in the first quarter, up 55.07 percent from the same period last year.

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The return on equity was 3.69 percent, up 61.6 percent, and total equity hit 1.07 trillion yuan, up 7.84 percent.

The increase in net profit and net equity mainly came from the performances of the stock market and bond market, said Xiao Chaohu, an analyst with Everbright Securities Co Ltd...

The full text is available in the April Issue of China Insurance. Please visit publications for more subscription details.