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China's Ping An Insurance posts US$1.9bln in profit in q3

 

Thursday, Oct 28,2010, 8:51:15 PM   Click:

PING AN INSURANCE (GROUP) COMPANY OF CHINA (Ping An, SSE:601318, SEHK:02318) reported 13.197 billion yuan (US$1.9 billion) of net profits attributable to shareholders in the first three quarters of this year, up 8.4 per cent year on year, said its report released on Wednesday. According to the report, Ping An's earnings per share reached 1.71 yuan in the first three quarters, and its net assets per share came to 15.2 yuan.

* In the third quarter alone, Ping An's net profits arrived at 3.331 billion yuan, equivalent to 0.41 yuan per share, down 25.36 per cent year on year; and its total revenues amounted to 46.078 billion yuan, up 23.9 per cent year on year.

* By the end of the third quarter, Ping An's total assets hit 1,099.1 billion yuan, up 17.46 per cent from the end of 2009; and its net assets registered at 116.14 billion yuan, up 26.6 per cent.

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