China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of August. Unaudited after-tax profit was NT$1.61 billion, while after-tax profit for the first 8 months this year reached NT$15.42 billion. EPS was NT$0.92.
Despite fluctuations in the capital market and a decrease in trading volume in the Taiwan stock market in August, CDF and its subsidiaries maintained stable business performance. China Life, in particular, benefited from the continuous appreciation of the US dollar against the New Taiwan dollar, as well as the realization of capital gains, which both contributed to its profitability. The after-tax profit in August was NT$1.50 billion and the after-tax profit in the first 8 months of this year was NT$9.13 billion. KGI Bank continued to strengthen its diverse businesses contributing to interest and fee income. KGI Bank’s after-tax profit in August was NT$401 million and after-tax profit for the first 8 months was NT$3.83 billion. KGI Securities' related business contribution was suppressed due to the impact of the stock market trend. Its after-tax profit in August was NT$300 million and the after-tax profit in the first 8 months of NT$5.12 billion, an increase of 97% compared with the same period last year. CDIB Capital Group’s investment portfolio valuation was affected by market volatility, and its after-tax profit in August was NT$46 million and the after-tax profit for the first 8 months was NT$1.65 billion.
CDF stated that while the global economic outlook remains uncertain, the company will continue to focus on the implementation of core strategies and risk control mechanisms to mitigate operational risks while pursuing long-term and sustainable development.
