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Dai-ichi Life Posts 19% Decline In Quarterly Net Profit

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Courtesy of Benzinga.

Dai-ichi Life Insurance Co (OTC: DCNSF) reported a 19% drop in its net profit in the April-December period.

Dai-ichi Life’s quarterly net profit fell to Y12.71 billion, from Y15.70 billion, in the year-ago period. Its revenue rose 5.7% to Y3.597 trillion, versus Y3.402 trillion.

For the fiscal year ending March, the company continues to project a net profit of Y20 billion on revenue of Y4.780 trillion.

(c) 2011 Benzinga.com. All rights reserved. This material may not be published in its entirety or redistributed without the approval of Benzinga.


For more Benzinga, visit Benzinga Professional Service, Value Investor, and Stocks Under $5.

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