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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
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Provider: Stock Traders Daily
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Provider: Stock Traders Daily
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China Life Insurance Co Ltd Announces FY 2012 Q1 to Q3 Net Profit Outlook


Wednesday, 17 Oct 2012 08:00pm EDT 

China Life Insurance Co Ltd announced that it expects its net profit for the first three quarters of fiscal year (FY) 2012 decrease by approximately 55%, compared to the net profit of the same period in FY 2011 (RMB 16,717,000,000). The Company cited the decreased rate of return on investments and impairment loss on assets as the main reasons for the forecast.