PICC Forecasts Up to 50% Rise in Q1 Attributable Profit

MT Newswires Live

04/14

The People's Insurance Company of China or PICC (HKG:1339, SHA:601319) expects its attributable profit to jump 30% to 50% to between 11.7 billion yuan and 13.4 billion yuan in the first quarter from 8.93 billion yuan in the year-ago period.

The foreseen increase at the insurer is attributable to China's insurance rules, among other factors, according to a Sunday filing with the Hong Kong bourse.

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