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

MT Newswires Live
07 Nov 2024

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10