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.

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.

---

Related Stories

• Opportunities and challenges as OCBC and UOB beat expectations in 3Q2021
• Great Eastern launches Singapore's first green life insurance product
• Great Eastern appoints former CPF CEO, Ng Chee Peng, as non-executive and independent director

---