AIA Group (1299)

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#7
Last traded price as at Feb 27, 2018 11:45 AM GMT+8 : 66.05 HKD Up 2.90 HKD (4.59%)
Basic earnings per share were 51 US cents, up 47 per cent year on year.

AIA 2017 earnings top estimates, new business value at record high
Value of new business, a key gauge of the insurer’s future profitability, jumped 28 per cent to a record US$3.51b, while net profit increased 48pc to US$6.12b

By Laura He
PUBLISHED : Tuesday, 27 February, 2018, 8:42am
UPDATED : Tuesday, 27 February, 2018, 9:05am

AIA Group, the largest pan-Asian life insurer, on Tuesday reported better-than-expected earnings for 2017, while a key gauge of the company’s future profitability hit a new high, thanks to continued strong growth in new business in China and Hong Kong and a surge in investment returns because of capital market gains.

Net profit jumped 48 per cent to US$6.12 billion for the twelve months ended November 30 on a constant exchange rate basis, compared with US$4.16 billion a year earlier, the company said in a filing to the Hong Kong stock exchange.

On an actual exchange rate basis, profit increased 47 per cent from a year earlier.

Previously, market estimates for 2017 net profit were between US$4.5 billion and US$5.8 billion, up 8 per cent to 39 per cent from a year earlier.

More details in http://www.scmp.com/business/investor-re...ness-value
Specuvestor: Asset - Business - Structure.
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Messages In This Thread
AIA Group (1299) - by arthur - 29-10-2010, 10:36 PM
RE: AIA Group (1299) - by soros - 19-02-2017, 05:56 PM
RE: AIA Group (1299) - by cyclone - 27-02-2018, 12:02 PM
RE: AIA Group (1299) - by cyclone - 15-03-2019, 07:37 PM
RE: AIA Group (1299) - by chialc88 - 16-03-2019, 08:20 AM

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