Ping An Insurance's net profit up 4% in Q1
Posted On: Apr. 27, 2016 12:00 AM CSTPing An Insurance Group Co. of China Ltd.'s net profit increased about 4% year on year to 23.4 billion Chinese yuan ($3.6 billion) in the first quarter of 2016, reported Reuters.
Net profit attributable to shareholders totaled CNY 20.7 billion for the quarter, compared with CNY 19.96 billion yuan for the corresponding period in 2015.
The insurer posted a 38% increase in profit for 2015.