SHANGHAI/HONGKONG(Reuters) -Ping An Insurance (Group) Co of China Ltd reported a 26.4% decline in first-quarter net profit on Friday.
The Chinese insurance giant’s net profit for the three months to March 31 was 27.02 billion yuan ($3.71 billion), down from 36.71 billion yuan a year earlier.
($1 = 7.2857 Chinese yuan renminbi)
(Reporting by Engen Tham, Selena Li and Ziyi TangEditing by David Goodman)
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