China Life (LFC: 71.33 -0.71%) warned that its 2009 profits would fall by more than 50%. The problem? A declining value of its investment portfolio, slower sales, and higher-than-expected claims from the Sichuan earthquake.
Related Posts
- Singapore lowers 2009 outlook (11/21/08)
- Profits fall by 72% at Sony (10/29/08)
- Nintendo profits soar by 48% (04/24/08)
- $150 billion China quake reconstruction (08/13/08)
- Lenova profits jump by 65% (08/07/08)
