Great Eastern's Q4 net profit falls 26%
Published on Feb 8, 2014 12:51 AM
UPHEAVAL in global financial markets and one-off items put a dent in insurer Great Eastern's earnings last year.
It reported a 26 per cent drop in its fourth-quarter net profit to $165.9 million, as operating profit from its insurance business fell 20 per cent to $135.3million.
Great Eastern said at a briefing yesterday that operating profit for the three months ended Dec 31 was hurt by two one-off items.
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