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Great Eastern reports 26% lower 3Q earnings of $213 mil on less favourable market conditions

PC Lee
PC Lee10/29/2018 07:44 AM GMT+08  • 3 min read
Great Eastern reports 26% lower 3Q earnings of $213 mil on less favourable market conditions
SINGAPORE (Oct 29): Great Eastern Holdings reported 3Q18 earnings of $213.3 million, this was 26% lower compared to the 3Q17 earnings of $287.5 million a year ago as a result of less favourable financial market conditions.
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SINGAPORE (Oct 29): Great Eastern Holdings reported 3Q18 earnings of $213.3 million, this was 26% lower compared to the 3Q17 earnings of $287.5 million a year ago as a result of less favourable financial market conditions.

9M18 earnings came in at $603.8 million, 1% lower compared to a year ago.

Total income for 3Q18 came in at $4.87 billion, 15% higher than a year ago. However, total expenses increased 18% to $4.6 billion, resulting in 26% lower profit after income tax of $216.1 million.

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