China United Insurance Service, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
April 01, 2019 at 01:52 pm EDT
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China United Insurance Service, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced sales was USD 16.147 million compared to USD 16.210 million a year ago. Operating income was USD 1.148 million compared to USD 2.647 million a year ago. Net income was USD 168,319 compared to USD 1.307 million a year ago. Basic earnings per share from continuing operations was USD 0.006 compared to USD 0.043 a year ago. For the nine months, sales was USD 53.811 million compared to USD 50.084 million a year ago. Operating income was USD 6.036 million compared to USD 8.142 million a year ago. Net income was USD 1.538 million compared to USD 4.632 million a year ago. Basic earnings per share from continuing operations was USD 0.051 compared to USD 0.152 a year ago. Sales was USD 78.667 million compared to USD 72.848 million a year ago. Operating income was USD 7.937 million compared to USD 12.743 million a year ago. Net income was USD 2.371 million compared to USD 7.154 million a year ago. Basic earnings per share from continuing operations was USD 0.078 compared to USD 0.243 a year ago. Diluted earnings per share from continuing operations was USD 0.078 compared to USD 0.235 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. 
