New business embedded value was down 28 per cent to S$109.1 million, from S$151.4 million a year ago, mainly due to lower sales in Malaysia.
Earnings per share was S$0.70 for the first half, down 35 per cent from S$1.08 for the preceding year. Meanwhile, profit net of tax from shareholders' fund declined 73 per cent to S$43.4 million, from S$160.8 million a year ago. New business embedded value for the first half fell 10 per cent to S$235.2 million, from S$261.2 million a year ago.
Great Eastern group chief executive Khor Hock Seng said sales in core markets for Q2 were affected by the tighter movement restriction measures implemented due to the Covid-19 situation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global prospects dim for China's tech champions as great powers clashHuawei Technologies' founder Ren Zhengfei's global ambitions are marked in bricks and mortar at a new company campus in southern China, where the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Global prospects dim for China's tech champions as great powers clashHuawei Technologies' founder Ren Zhengfei's global ambitions are marked in bricks and mortar at a new company campus in southern China, where the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sing Investments' Q2 net profit down 22% due to allowances made for Covid-19SING Investments & Finance on Monday posted a 22.2 per cent decline in net profit to S$3.9 million for its second quarter ended June 30. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Japanese fashion designer Kansai Yamamoto, who worked with David Bowie, dies at 76Yamamoto produced a series of outfits for the singer's Ziggy Stardust alter ego.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Parkway Life Reit posts 2.5% rise in Q2 DPU to 3.36 S centsPARKWAY Life Real Estate Investment Trust's (Parkway Life Reit) distribution per unit (DPU) rose by 2.5 per cent to 3.36 Singapore cents for its second quarter ended June 30, from 3.27 cents a year ago. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore Q2 private home prices surprise with 0.3% uptickPRIVATE home prices in Singapore edged up 0.3 per cent in a surprising turnaround from an initial flash estimate in early July which had the private residential property index declining by 1.1 per cent. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »