Ping An Profit Falls as Market Declines Hurt Investment Returns
Tue, Apr 23, 2024 3:47 PM

Ping An Profit Falls as Market Declines Hurt Investment Returns

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Net income fell to 36.7 billion yuan ($5 billion) in the three months ended March 31, from 38.4 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday. Operating profit, which strips out one-time items and short-term investment volatility, fell 3%.

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