Ping An In­sur­ance profit up 17.7%

China Daily (Canada) - - BUSINESS -

Ping An In­sur­ance (Group) Co of China, the coun­try’s sec­ond-largest in­surer by mar­ket value, re­ported onWed­nes­day a 17.7 per­cent rise in firsthalf net profit on gains in its in­ter­net fi­nance and life in­sur­ance busi­nesses. Net profit was 40.78 bil­lion yuan ($6.15 bil­lion) for the first six months of the year com­pared with 34.65 bil­lion yuan in the same pe­riod last year, ac­cord­ing to a fil­ing to theHong Kong stock ex­change.

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