China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of November. Unaudited after-tax profit was NT$29 million while after-tax profit for the first 11 months this year reached NT$18.86 billion. EPS was NT$1.13.
China Life was affected by the appreciation of the New Taiwan dollar against the US dollar, which resulted in an increase in overall hedging costs. China Life reported an after-tax loss of NT$1.13 billion in November, and its after-tax profit for the first 11 months of this year was NT$11.28 billion. China Life will continue to strengthen its product and asset structure management and maintain long-term stable operations strategy in response to market fluctuations. The increased trading volume and prices in the Taiwan stock market in November boosted the performance of KGI Securities' brokerage, proprietary trading, and underwriting businesses. KGI Securities' after-tax profit for November was NT$837 million, and the after-tax profit for the first 11 months was NT$6.53 billion, an increase of 104% compared to the same period last year. KGI Bank has continued to maintain a steady business growth, contributing to its interest and fee income. KGI Bank’s after-tax profit in November was NT$334 million and after-tax profit for the first 11 months was NT$5.04 billion. CDIB Capital Group benefited from the upward trend in the capital market, which contributed to favorable investment position evaluations. CDIB Capital Group’s after-tax profit for November was NT$330 million and after-tax profit for the first 11 months was NT$1.66 billion, representing a turnaround from last year's operating losses.
CDF stated the company remains focused on the implementation of core strategies to mitigate risks and cope with market uncertainties while pursuing long-term sustainable growth.