Ping An Profit Falls as Market Declines Hurt Investment Returns

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Ping An Insurance Nieuws

Bloomberg,Hong Kong Stock Exchange,Investment Returns

(Bloomberg) -- Ping An Insurance (Group) Co.’s profit dropped 4.3% in the first quarter as stock-market declines and falling bond yields eroded investment...

-- Ping An Insurance Co.’s profit dropped 4.3% in the first quarter as stock-market declines and falling bond yields eroded investment returns.Net income fell to 36.7 billion yuan in the three months ended March 31, from 38.4 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday.Operating profit, which strips out one-time items and short-term investment volatility, fell 3%.

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