Fair results I'd say considering:
Profit before tax up 17%
Gross premium up 16%
Total income up 26%
Short term business +12%
Life business +24%
Medical business + 25%
Full results link http://ge.tt/3ywgC0S1/v/0
The culprit in my mind was an adverse -19% in share of profits from associates, and higher effective tax rate compared to last yr.
Don't know which associate company is culpable. Unless they decided to dispose off an associate co hence re-classifying it as available-for-sale in comprehensive income statement.
Which would explain why comprehensive income is up a whopping 45%!