[ET Net News Agency, 4 August 2020] China Taiping Insurance Holdings Company Limited
(00966) said the profit attributable to owners of the company for the six months ended 30
June 2020 (the 2020 interim period) is expected to record a significant decrease by
approximately 57% as compared with that reported for the corresponding period last year
(the 2019 interim period). The profit attributable to owners of the company for the 2019
interim period was HK$6,744 million.
Such decrease was mainly due to changes in tax policies in the People's Republic of
China during the 2019 interim period which resulted in an increase in the consolidated
profits of the group, and the recognition of impairment loss during the 2020 interim
period. If the consolidated profits of the group recorded in the 2019 interim period
attributable to the changes in tax policies were disregarded, the decrease in profit
attributable to owners of the company for the 2020 interim period compared to that
reported for the 2019 interim period would be approximately 44%. (RC)
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00966 CHINA TAIPING
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6.540 +0.310 (+4.976%) Others
04/08/2020 10:14
China Taiping (00966) sees 57% decrease in interim net
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