China Pacific H1 Profit Down 57%

By Intern reporter Liu Dong and staff reporter Chen Huiying

(.com.cn) China Pacific Insurance (Group) Co., the country's third-largest insurer, said first-half net profit fell 57 percent year-on-year to 2.4 billion yuan due to falling investment gains.

Earnings per share stood at 0.31 yuan in the first half, compared with 0.72 yuan a year earlier, China Pacific (SSE:601601) said in its financial report to the Shanghai Stock Exchange on Aug. 31.