China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of April. Unaudited after-tax profit was NT$0.7 billion, while after-tax profit for the first four months reached NT$4.21 billion. EPS was NT$0.25.
Despite a capital market correction that came in the second half of the month, CDF and its subsidiaries’ businesses demonstrated stable performance in the month of April. China Life’s after-tax profit in April was NT$158 million and after-tax profit for the first four months was NT$479 million. CDF’s Life Insurance Company benefited from the appreciation of the US dollar against the New Taiwan dollar, and the performance of recurring income which was stable. The business performance of KGI Securities in April was mainly supported by the brokerage business, coupled with the derivatives business and overseas investment. KGI Securities’ after-tax profit in April was NT$380 million, and after-tax profit for the first four months was NT$2.27 billion. KGI Bank continued to grow steadily driven by contributions from interest and fee income. KGI Bank’s after-tax profit in April was NT$500 million and after-tax profit for the first four months was NT$2.03 billion. CDIB Capital Group was affected by both domestic and global market fluctuations which resulted in a mixed evaluation of its investment positions. CDIB Capital Group’s after-tax profit in April was NT$102 million and after-tax profit for the first four months was NT$1.03 billion.
CDF stated that while the global economy continues to face uncertainties, CDF will continue to implement control mechanism to mitigate operational risks, enhance competitiveness and operational synergy, and focus on core strategies to maintain long-term stable business development.