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China Life sees 2006 net profit up over 50 pct


Published : Tue, 30 Jan 2007 00:18
By : Agencies
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BEIJING (XFN-ASIA) - China Life Insurance Co (SHA 601628; HK 2628) expects net profit in 2006 to have risen over 50 pct due to increased premium incomes, it said in a statement filed with the Shanghai Stock Exchange.

In 2006, the company's unaudited insurance premium income rose 14.22 pct to 183.8 bln yuan.

The company had a net profit of 5.456 bln yuan in 2005 under Chinese accounting standards, and earnings per share of 0.20 yuan.

(1 usd = 7.78 yuan)

zachary.wei@xfn.com

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