Date
14 November 2018

China Pacific Insurance 3Q net profit surges 427%, filing shows

China Pacific Insurance (Group) Co. Ltd. (02601.HK) recorded a 427 percent surge in net profit for the third quarter from a year ago, according to a filing to the stock exchange late Wednesday. Net profit for the three months ended September stood at 2.62 billion yuan (US$430 million), up from 497 million yuan in the same period last year, the insurer said. Earlier, New China Life Insurance Co. Ltd. (01336.HK) announced that its third-quarter net profit reached 1.76 billion yuan, more than four times the 420 million yuan recorded in the year-ago period.

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