Manulife Financial Corp reported a drop in second-quarter core profit, hit by weakness in equity market activities and Asia sales
Manulife Financial Corp reported a drop in second-quarter core profit on Wednesday, hit by weakness in equity market activities and Asia sales.
Canada’s largest insurer reported core earnings of $1.56-billion, or 78 cents a share, in the three months ended June 30, compared with $1.68-billion, or 83 cents a share, a year earlier. Net income attributable to shareholders was $1.09-billion or 53 cents per share, compared with $2.65-billion, or $1.33 a share, a year earlier.
Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bausch Health reports revenue drop in Q2, cuts full-year forecast - BNN BloombergPharmaceutical giant Bausch Health Companies Inc. second-quarter results fell short of analyst expectations after the company reported a six per cent drop in revenue.
Read more »
Hydro One reports second-quarter profit of $255-million, revenue upHydro One says the higher earnings per share for the quarter were primarily due to approved rates for the transmission and distribution segments
Read more »
Hydro One reports second-quarter profit of $255M, revenue upThe electricity transmission and distribution company has about 1.5 million customers.
Read more »
Aura Minerals reports decline in second quarter profit, updates its 2022 guidanceA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Pet Valu posts Q2 net income of $25.3M, boosts full-year outlook - BNN BloombergPet Valu Holdings Ltd. reported second-quarter net income of $25.3 million, down from $44.3 million a year ago, and raised its full-year outlook.
Read more »
RioCan posts second-quarter net income of $78.5M - BNN BloombergRioCan Real Estate Investment Trust reported second-quarter net income of $78.5 million, down from $145.3 million a year ago, as committed occupancy returned to pre-pandemic levels.
Read more »