Monday, November 19, 2018
Martin Hennecke

Results up on many fronts
Ping An Insurance (Group) (2318) said premium income from four subsidiaries hit a total of 512 billion yuan (HK$600.7 billion) in the first 10 months of this year.

The news came as state-owned China Life Insurance (2628) said its premium during the period was 469.6 billion yuan.

In results on other fronts, instant noodle producer Tingyi (Cayman Islands) Holding (0322) recorded a net profit of 1.94 billion yuan in the first nine months, 37.91 percent higher than a year ago. Revenue stood at 48.25 billion yuan, up a slight 5.91 percent.

Luggage giant Samsonite International (1910) said net profit for the period was US$140 million (HK$1.09 billion), up 22.6 percent. Net sales jumped 26.7 percent, to US$2.5 billion.

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