Source:
https://scmp.com/business/companies/article/1578484/acquisition-assets-parent-boosts-insurer-china-taipings-profit
Business/ Companies

Acquisition of assets from parent boosts insurer China Taiping’s profit

China Taiping said net profit for the six-month period rose to HK$1.93 billion from HK$692 million in the same period last year. Photo: SCMP Pictures

Mainland insurer China Taiping said its first-half earnings rose by 179 per cent year on year as the profit contribution from premium business increased following the acquisition of assets from its parent.

Net profit for the six-month period rose to HK$1.93 billion from HK$692 million in the same period last year, the company said in a statement to the Hong Kong stock exchange on Thursday.