Great Eastern H2 profit falls 13% to S$337.4 million
INSURANCE provider Great Eastern posted a net profit of S$337.4 million for the second half of the year ended Dec 31, 2023, down 13 per cent from S$385.9 million a year earlier.
Earnings per share for H2 2023 slipped 13 per cent to S$0.71.
The whole of 2023 had been “quite challenging” as the inverted yield curve impacted new sales, said Ronnie Tan, group chief financial officer at Great Eastern, at a media briefing on Monday (Feb 26).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UOB awards Wong Kan Seng over S$400,000 in shares
US: Wall St opens lower as megacaps drag
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
New York Times beats profit estimates on bundle strength
US dollar gains ground; subdued yen prompts Japan warning