皇冠体育app

Companies

皇冠体育app Life H1 profit climbs 7.4%

(Xinhua)
Updated: 2010-08-26 09:43

BEIJING - 皇冠体育app Life Insurance Company Limited (皇冠体育app Life), the nation's largest insurer, said Wednesday its net profit rose 7.4 percent due to rebounding premium income.

Special Coverage: 2010 Interim Results of Listed Companies Related readings:  皇冠体育app Life may shun AIA IPO  皇冠体育app Life Jan-April premiums up 5.5%  皇冠体育app Life to buy bonds  皇冠体育app Life says 2009 net profit up 72%

皇冠体育app Life's net profit hit 18.03 billion yuan ($2.67 billion) in the first half year, it said in a statement delivered to the Shanghai Stock Exchange.

Also, the company's first-half-year revenue reached 216.67 billion yuan, up 9.2 percent from one year earlier, according to the statement.

Further, earnings per share stood at 0.64 yuan, up 7.4 percent year-on-year, it said.

The company noted that its profits were driven by strong growth in premium income after a decline last year, when adjustments to its product mix slowed sales.

On Wednesday, shares of 皇冠体育app Life on the Shanghai bourse fell 2.31 percent from the previous close to stand at 23.26 yuan per share.