Ping An Insurance first-half profit up 68% on retail strength [Reuters]
PING AN INS CO OF CHINA (PNGAY)
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Source: Reuters
Ping An Insurance first-half profit up 68% on retail strength - Reuters 1 Min Read SHANGHAI (Reuters) - Ping An Insurance (Group) Co of China ( 601318.SS ) ( 2318.HK ), the country’s largest insurer by market value, posted a 68.1% rise in first-half net profit on strong retail results, marking the fastest pace of growth in at least 9 years. Ping An, the only Asian insurer deemed globally systemically important by regulators, said on Thursday its net profit was 97.68 billion yuan ($13.90 billion) for the six months to June, a filing with the Hong Kong stock exchange shows. That marks the fastest half-year profit growth since at least 2010 for Ping An, according to Reuters calculations. ($1 = 7.0291 Chinese yuan) Reporting by Engen Tham in SHANGHAI and Cheng Leng in BEIJING; Editing by Himani Sarkar All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Ping An Insurance first-half profit up 68
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