vested
Ping An upbeat as net profit rises 11pc to $31bby Joyce Chen
Chinese conglomerate Ping An Insurance (2318) recorded a net profit of 25.70 billion yuan(HK$31.88 billion) for the quarter ended March 31,
up 11.49 percent year on year; while its spinoff Good Doctor was oversubscribed 653 times in the city with HK$376.8 billion locked.
Earning per share was amounted to 1.44 yuan, and the insurance leader has proposed a special dividend of 0.20 yuan for its 30th anniversary.
During the period, its life and health insurance business saw a premium of 230.59 million yuan, buoyed by stable renewal contracts. However,
new premiums dropped by 7.47 percent to 19.90 billion yuan.
Net profit from property and casualty business reported a 3.6 percent decrease, to 3.27 million yuan while
revenue grew 17.8 percent to 63.22 million yuan.
Lufax Holding, an unicorn Ping An owns, reported a total of 303.83 billion yuan loan under management, up 5.3 percent from the beginning of this year. The firm turned loss to profit for this first time last year.
The group did not disclose financial result of its Ping An Healthcare and Technology which is best known as Good Doctor.
Source: The Standard
http://www.thestandard.com.hk/section-n ... 0427&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"