China Pacific Insurance's Q1-Q3 Profit to Rise Up to 70%

MT Newswires Live

2024/10/16

China Pacific Insurance (Group) (HKG:2601) expects an attributable profit of between 37 billion yuan and 39.4 billion yuan for the first three quarters of 2024, up 60% to 70% from 23.1 billion yuan a year prior, a Wednesday bourse filing said.

The insurer attributed the anticipated boost in profit mainly to a significant rise in investment income for the period.

Shares of the company closed over 1% higher on Wednesday.

Price (HKD): $27.80, Change: $-0.40, Percent Change: -1.42%

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