New China Life Insurance's Q1 Profit Rises 19%, Operating Income Jumps 26%; Shares Up 3%

MT Newswires Live
04-30

New China Life Insurance's (HKG:1336, SHA:601336) net profit attributable to shareholders for the first quarter rose 19% year on year to 5.88 billion yuan from 4.94 billion yuan a year earlier, according to a Hong Kong Stock Exchange filing on Tuesday.

Earnings per share climbed year on year to 1.89 yuan from 1.58 yuan.

The Chinese insurer's first-quarter operating income jumped 26% to 33.4 billion yuan from 26.5 billion yuan in the preceding year, the filing said.

The company's Hong Kong shares jumped less than 3% and Shanghai shares rose less than 2% in recent trade.

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