CDF posted September net profit of NT$226mn January-September profit up 25% YoY, for EPS of NT$0.73

Oct 8, 2019
Financials

China Development Financial (hereinafter CDF) announced today that its September preliminary net profit was NT$226mn, and profit for the first nine months of 2019 was NT$10.688bn, up about 25% YoY, for EPS of NT$0.73.

Subsidiary KGI Bank derived September profits from net interest and fee incomes. In addition, financial investment proceeds were solid. Overall, September net profit was NT$316mn, and January-September net profit came in at NT$2.869bn.

 

TAIEX turnover might have shrunken slightly in September, but overall market movement was positive amid net buying by QFII, which led to positive earnings contributions from both brokerage and proprietary trading operations. Subsidiary KGI Securities posted September net profit of NT$367mn and January-September net profit of NT$4.55bn.

Subsidiary CDIB Capital suffered from fluctuations in investment valuations to post September net loss of NT$425mn and January-September net profit of NT$2.154bn.

China Life posted September net profit of NT$658mn and January-September net profit of NT$12.95bn.

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