21 January 2019

Ping An Trust net profit growth slows in 2013, paper says

Growth in Ping An Trust’s net profit slowed last year to 25.16 percent, down from 29.69 percent growth in 2012, the Shanghai Securities News reported Wednesday, citing a company announcement. The company posted net profit of 1.915 billion yuan (US$313.9 million) last year. The weaker profitability was mainly due to curtailed collaboration between trust firms and commercial banks, the paper quoted an analyst as saying.

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