China Life reports sharp drop in profit growth
China Life reports sharp drop in profit growth
Beijing - XINHUA
China Life Insurance Co., Ltd, the country's largest insurer, said on Friday that its preliminary net profit in 2015 grew between five to 10 percent.
The growth was sharply lower than the 30.1-percent growth posted in 2014, with a net profit of 32.2 billion yuan (4.9 billion U.S. dollars).
China Life attributed the profit growth last year to higher investment returns, it said in a statement filed to the Shanghai Stock Exchange.
It cited changes in the discount rate in traditional types of insurances as reason for the decline in profit growth.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon sevenGMT 17:49 2013 Tuesday ,21 May
New and unique gigs in awe-inspiring locations
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 13:19 2014 Tuesday ,27 May
ILO: Global unemployment expected to rise by 3.2m in 2014
GMT 11:10 2013 Wednesday ,19 June
Qadiwi denies coach snub
GMT 09:20 2017 Tuesday ,10 October
Yemen government calls for releasing 8 fishermen
GMT 08:43 2017 Wednesday ,15 March
Saber Al Robaei celebrates birthday with family
GMT 14:03 2018 Saturday ,13 January
IGCF to Debate Impact of Digital Age
GMT 08:42 2017 Thursday ,24 August
France seeks UN force in Lebanon's extension
GMT 21:37 2016 Tuesday ,22 November
UK Flooding: Heavy Rain and Strong Winds Warning in the wake of Storm Angus
GMT 07:50 2017 Saturday ,04 November
Child killed and woman injured in missile attack against TripoliGMT 13:33 2012 Thursday ,20 September
Mohammed bin Rashid tours DEWA
GMT 07:30 2016 Tuesday ,02 February
Iraq oil exports up but revenue plunges on low prices
GMT 17:31 2015 Wednesday ,23 December
Man vs machine: Robot plans to beat 80% students in exam
GMT 11:06 2013 Tuesday ,01 October
New York spreading wireless access across city
GMT 10:07 2016 Tuesday ,27 December
Huge crowd joins Mexican teen's party
GMT 21:02 2013 Thursday ,12 December
Canada needs a revolution in math education
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor