Manulife Financial Reports 82% Profit Increase in Q3; Shares Rise 3%

MT Newswires Live
2024-11-07

Manulife Financial (HKG:0945) reported a net income of $1.8 billion attributed to shareholders in the third quarter, up 82% from $1.01 billion in the prior year quarter, according to a Thursday filing with the Hong Kong bourse.

Earnings per share were $1.0, compared with $0.52 a year ago.

Core revenue in the three-month period was $2.06 billion, compared with $1.78 billion from the previous year's same quarter.

The company also declared C$0.40 per share dividend, which will be paid out on and after Dec. 19, according to a separate filing on Thursday.

The financial services provider's shares were up by over 3% in recent trading.

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