China Life forecasts more than 50% profit rise in 2009
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China Life forecasts more than 50% profit rise in 2009
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.
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.
