Great Eastern profits up 21% to $235.50m in Q3

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.

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