Mar 16 - Ping An Insurance made a Net Profit of CNY 19.4 Billion in 2011

Source: Ping An Insurance, ChinaScope Financial (Data)

+       On March 15, Ping An Insurance (Group) Co. of China Ltd. released its financial report showing that in 2011, the company’s net profit was CNY 19.48 billion, a 12.5% year-on-year increase compared with 23.9% in 2010. Earnings per share (EPS) was CNY 2.5 and the cash dividends per share recommended by the board of directors was CNY 0.25.

+       As of December 31, 2011, Ping An’s total assets were CNY 2.29 trillion, a 95.1% increase from the beginning of the year.

Due to the merger with Shenzhen Development Bank, Ping An’s total assets doubled in 2011.

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