Manulife profit dips on cost of acquisitions, interest rates

Manulife profit dips on cost of acquisitions, interest rates

Manulife profit dips on cost of acquisitions, interest rates Lower interest rates and the cost of acquisitions has led to a lower profit for Manulife Financial in its second quarter. Net profit was down to $600 million (29 cents per share) from $943 (49 cents per share) a year earlier but core earnings met expectations of $902 million (44 cents per share) up from $701 million (36 cents per share).