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Ping An's net profit up 46% in first quarter of 2014

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Ping An Insurance (Group) Co. of China Ltd. recorded a net profit 10.8 billion Chinese yuan ($1.73 billion) in the first quarter of 2014, up 46% year on year, Reuters reported.

Ping An saw its investment income improve during the period.

The company's net profit for 2013 rose 40% year on year.

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