China Taiping issues 2016 profit warning

China Taiping has warned investors it expects its full-year 2016
profits to be 25 percent lower than those posted in 2015.
In a statement to the Hong Kong Stock Exchange today, the
company said the decrease was due to the relatively higher realised
gain from equity investments in the prior year.
The carrier reported profits attributable to shareholders of
HK$6.3mn ($812,131) in 2015, indicating a 2016 profit of
approximately HK$4.7mn.
In September China Taiping announced that group profits hadfa