Asia Financial returns to the black on surge in investment gains

Asia Financial bounced back into the black last year following a large improvement in investment gains in the second half.

The company yesterday reported net profit of HK$403.8 million, against a loss of HK$137.5 million in 2011.

Bernard Charnwut Chan, the president of the firm, said it might inject more capital into its property project in Shanghai and PICC Life Insurance, a subsidiary of Hong Kong-listed People's Insurance Co (Group) of China. Asia Financial has a 5 per cent stake in PICC.

via Business feed http://www.scmp.com/business/companies/article/1167505/asia-financial-returns-black-surge-investment-gains