EQS Newswire

EQS-News: Hong Kong Ferry and Eastern District to host Sea and Street Parade Launching Ceremony

pandora
3 minutes

EQS-News / 04/07/2022 / 10:12 UTC+8 Hong Kong Ferry and Eastern District to host Sea and Street Parade Launching Ceremony （4 July 2022, Hong Kong） – Hong Kong Ferry (Holdings) Company Limited (“Hong Kong Ferry” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; SEHK stock code: 0050) collaborated with Home Affairs Department of the Eastern District to organize a Sea and Street Parade Launching Ceremony along North Point Promenade and the pier of Harbour Cruise – Bauhinia. The Sea Parade Ceremony featured Harbour Cruise – Bauhinia to celebrate the 25th anniversary of the establishment of the Hong Kong Special Administrative Region (HKSAR) of the People’s Republic of China. Hong Kong Ferry will also hold complimentary tours of the Victoria Harbour on July 17, 2022, for the public to board the sightseeing boat tour. Boarding tickets will be distributed to residents of the Eastern District Office prior to the event, inviting citizens and their families to share the joy of the 25th anniversary of the establishment of the HKSAR. Mr. Gabriel Lee, General Manager of Hong Kong Ferry, said, “The Group’s Yau Ma Tei car ferries and Harbour Cruise – Bauhinia ...

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Great Eastern Q3 profit up 40% to $287.9 million

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Great Eastern Holdings on Wednesday (Nov 4) posted a 40 per cent rise in net profit to $287.9 million for the third quarter ended Sept 30, from $205.1 million a year ago. The insurance arm of OCBC said this was mainly due to the higher valuation of investments, on the back of improved financial market conditions during the quarter. Operating profit slipped 4 per cent to $171.4 million, from $178.5 million a year earlier. This was due to greater new business strain resulting from higher sales in Singapore, Great Eastern said. Meanwhile, non-operating profit came in at $50 million for the third quarter, reversing from a loss of $31.3 million in the preceding year. Profit from shareholders' fund rose 20 per cent to $74.9 million, from $62.3 million a year ago, due to higher mark-to-market gains from equities, the insurer noted. In addition, a pick-up of activity across all markets led to a 36 per cent growth in total weighted new sales to $432.8 million, from $317.5 million in the year-ago period. Amid higher sales, new business embedded value edged up 2 per cent to $160.2 million, from $157.4 million in the corresponding period last year. Group chief ...