Apr. 28, 2009 (China Knowledge) - China Pacific Insurance (Group) Co<601601>, the country's third largest life insurer by premiums, reported net profit of RMB 200 million in the first quarter of this year, down 88.88% year on year, according to a statement it released on Sunday.
The drop in profit is primarily a result of write-offs from equity investment, said the firm.
The Shanghai-based
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