Profits tumble at China Taiping in H1

Profits before tax at China Taiping fell by 17.5 percent to
HK$5bn ($640mn) in the first half of the year as P&C earnings
in mainland China plunged.
Earnings per share fell to HK$0.624, down from HK$0.827, while
P&C profit in mainland China declined by 41.5 percent to
HK$242.9mn.
Overseas P&C profit edged up 0.6 percent to HK$242.9mn.China Taiping's profit from life insurance, its biggest
unit, fell 49.7 percent to HK$1.67bn, while asset management
earnings rose 89 percent to HK$249.