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Ping An first-half profit falls 45%

China's Ping An Insurance has reported a 45% fall in first-half net profit of RMB5.22 billion ($919 million).

The company says it's pushing for top-line growth in its home market - a move that has achieved mixed results.

While the move helped push revenue from gross written premium, fees and premium deposits 34% higher to RMB92.7 billion ($16.3 billion), the cost of achieving the growth contributed to a fall in net profit from RMB9.49 billion ($1.67 billion) in the corresponding period last year.