tiprankstipranks
China Reinsurance Reports Stellar Mid-Year Profits
Company Announcements

China Reinsurance Reports Stellar Mid-Year Profits

China Reinsurance (Group) Corp. Class H (HK:1508) has released an update.

Don't Miss Our Christmas Offers:

China Reinsurance (Group) Corporation has reported a significant rise in its unaudited interim profits for the first half of 2024, with net profit escalating to 5.92 billion Renminbi from 2.07 billion in the same period of the previous year. This financial leap is reflected in the earnings per share, which increased from 0.05 to 0.13 Renminbi. The results are a testament to the company’s robust operating income, which grew to over 60 billion Renminbi, and improved investment income that turned around from a previous loss.

For further insights into HK:1508 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskChina Reinsurance Reports Significant Premium Income Growth
TipRanks HongKong Auto-Generated NewsdeskChina Reinsurance Corp. Announces Director Retirement
TipRanks HongKong Auto-Generated NewsdeskChina Reinsurance Unveils Board and Strategic Committees
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App