China United Insurance Service, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 09, 2019 at 01:02 pm
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China United Insurance Service, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was USD 21.756 million compared to USD 20.175 million a year ago. Operating income was USD 588,309 compared to USD 1.610 million a year ago. Net income was USD 478,101 compared to USD 1.024 million a year ago. Basic earnings per share from continuing operations was USD 0.016 compared to USD 0.034 a year ago. For the half year, sales was USD 41.183 million compared to USD 37.664 million a year ago. Operating income was USD 4.527 million compared to USD 4.888 million a year ago. Net income was USD 2.485 million compared to USD 1.369 million a year ago. Basic earnings per share from continuing operations was USD 0.082 compared to USD 0.045 a year ago.
China United Insurance Service, Inc. (China United) operates in Taiwan and China through its subsidiaries Action Holdings Financial Limited (AHFL) and ZLI Holdings Limited (CU Hong Kong), respectively. AHFL holds shares of Law Enterprise Co., Ltd. (Law Enterprise), a company based in Taiwan. Law Enterprise holds shares of Law Insurance Broker Co., Ltd. (Law Broker), Law Risk Management & Consultant Co., Ltd. (Law Management) and Law Insurance Agent Co., Ltd. CU Hong Kong owns Law Anhou Insurance Agency Co., Ltd. (Anhou), which provides insurance agency services in the People's Republic of China. Law Broker and Anhou markets and sells insurance products: life insurance products, and property and casualty insurance products, both focused on meeting the particular insurance needs of individuals. The insurance products that Law Broker and Anhou sell are underwritten by certain insurance companies in Taiwan and China, respectively.
CHINA UNITED INSURANCE SERVICE, INC. 
