SINGAPORE: Total sales rose 16% to $306.30m. Great Eastern Holdings Limited’s (GEH) profits rose 21% YoY to $235.50m in Q3.
According to its financial statement, total weighted new sales (TWNS) rose by 16% YoY from $264.70m to $306.30m. GEH said TWNS rose largely thanks to a higher contribution from Singapore’s agency and bancassurance channels. Operating profit also surged by 18% YoY from $134.50m to $158.60m. This and higher profit from shareholders’ fund’s investment boosted the group profit.
