China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of September. Unaudited after-tax profit was NT$2.13 billion, while after-tax profit for the first 3 quarters this year reached NT$17.55 billion. EPS was NT$1.05.
China Life has benefited from the continuous appreciation of the US dollar against the New Taiwan dollar, coupled with investment gains contributing to the overall financial performance. China Life after-tax profit in September was NT$2.17 billion and after-tax profit in the first 3 quarters of this year was NT$11.31 billion. KGI Bank’s after-tax profit in September was NT$402 million and after-tax profit for the first 3 quarters was NT$4.24 billion. KGI Bank maintained steady growth for its various businesses with a core contribution from interest and fee income. KGI Securities' business performance in September was affected by the decrease in trading volume of Taiwan stock market. Its after-tax profit for September was NT$261 million and the after-tax profit in the first 3 quarters was NT$5.39 billion. CDIB Capital Group reported an after-tax loss of NT$ 221 million in September due to the impact of market volatility on its investment valuation. CDIB Capital Group’s after-tax profit in the first 3 quarters of this year was NT$1.42 billion.
CDF stated that as we enter the fourth quarter of 2023, the global economy is still facing uncertainties such as rising oil prices, interest rate hikes, and a lackluster growth prospect for China’s economy. CDF continues to focus on the implementation of core strategies and risk control mechanisms to mitigate operational risks while pursuing long-term and sustainable development.