Mar 26 - China Pacific Insurance: Net Profit Hits CNY 8.3 Billion in 2011

Source: China Pacific Insurance (Group) Co., Ltd. , ChinaScope Financial (Data)

+       China Pacific Insurance (Group) Co., Ltd. (CPIC) (601601.SH, 2601 HK) released its 2011 annual report today, showing that operating revenue increased 11.5% year-on-year to CNY 157.93 billion, net profit totaled CNY 8.31 billion, and earnings per share (EPS) was CNY 0.97. The company plans to distribute CNY 0.35 cash dividend per share (including tax).

In 2011, the growth of GWP dropped, while the share of investment assets in total assets increased

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