China Pacific Insurance net profit falls in H1

BEIJING -- China Pacific Insurance (Group) Co Ltd, one of the country's leading insurers, reported a year-on-year net profit decline of 12 percent in the first half (H1) of this year.

The company raked in 14.24 billion yuan ($2 billion) in net profit attributable to shareholders, with earnings per share standing at 1.57 yuan, according to its latest earnings report filed with the Shanghai Stock Exchange.

During the same period, its operating revenue rose 6.8 percent year on year to 235.5 billion yuan, according to the report.

The insurer's shares closed 0.75 percent higher at 32.27 yuan Friday.