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China Life forecasts more than 50% profit rise in 2009

(Xinhua)
Updated: 2010-01-29 10:18
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China Life, the nation's largest life insurer, said on Thursday night its net profit is estimated to grow at least 50 percent in 2009 from a year ago.

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The sharp increase is boosted by strong gains in investment thanks to the bullish capital market last year, the company said in a preliminary report posted on the website of the Shanghai Stock Exchange before its annual report release.

The company's 2008 net profit was 10.07 billion yuan ($1.47 billion). Earning-per-share was 0.36 yuan.
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