Hanwha Life Insurance-Q1 earnings

Hanwha Life Insurance Q1 net income down 70.6 pct. to 98.8 bln won

SEOUL, April 29 (Yonhap) -- Hanwha Life Insurance Co. on Friday reported its first-quarter net profit of 98.8 billion won (US$77.8 million), down 70.6 percent from a year earlier.

The company said in a regulatory filing that it posted 130.7 billion won in operating profit for the quarter, compared with 436.7 billion won a year ago. Sales rose 3.5 percent to 7.25 trillion won.

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