Manulife posts record profit with 8% gain in 2nd quarter
Article Abstract:
Manufacturers Life Insurance Co of Toronto, Ontario, reported record earnings in the 2nd quarter of 1999, with an 8%-increase from year-ago results. The positive outcome resulted from favorable claims experiences, improvements in its main business, higher fee revenue and healthy stock returns. However, the insurer, which is anticipating a global initial public offering, saw a drop in its return on surplus from 14.2% to 13.2% in the 2nd quarter of 1999.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Corel vows profit in 2003
Article Abstract:
Corel Corp.'s chief executive, Derek Burney, promised that the company would post profits in 2003. Corel posted almost US$100 million in losses for the 2002 year.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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