CDF reports January after-tax profit of 0.63 billion, and EPS stood at NT$0.04

Feb 9, 2023
Press Release

China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its financial result for the month of January. While the unaudited after-tax profit was NT$0.63 billion, the EPS stood at NT$0.04.

 

 Due to the unblocking of China’s economy and the expected slowdown in US inflation, the international financial market rebounded in January. KGI Bank, KGI Securities and CDIB Capital Group all showed solid growth momentum. The appreciation of New Taiwan dollar against the U.S. dollar primarily impacted the performance of life insurance businesses. This resulted in an after-tax loss of NT$791 million in the month of January for China Life. In response to market fluctuations, China Life will continue to improve its products and adjust investment allocation to maintain its steady pace. The business performance of KGI Securities in January was mainly supported by the foreign investors net buying and the rising global stock markets. KGI Securities’ after-tax profit in January was NT$677 million. KGI Bank continued to grow steadily driven by contributions from interest and fee income. KGI Bank’s after-tax profit in January was NT$ 510 million. Benefited from the recovery of the capital market, CDIB Capital Group had an increase in the evaluation of investment positions. CDIB Capital Group’s after-tax profit in January was NT$541 million.

 

CDF stated that although U.S. inflation has slowed down, the global political and economic situation remains uncertain. CDF will focus on its own operation, while enhancing its risk control mechanism to mitigate operational risk and accumulate long-term growth momentum. 

 
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