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China Life Insurance net profit hits USD1.1b
(MENAFN) China Life Insurance said that its net profits dropped 28 percent in the first quarter to USD1.17 billion , Xinhua reported.
The firm's income on investment fell 7 percent to USD3.9 billion, while operating revenue surged 11.5 percent to USD24.9 billion.
By the end of March, the company's total investment assets hit USD310.9 billion, a net investment return ratio of 5.06 percent.
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