China Development Financial (hereinafter CDF) announced today June preliminary net profit of NT$1.557bn, leading to 1H19 net profit of NT$7.865bn, or EPS of NT$0.54. The group’s spokesperson, Richard Chang, says expectations for rate cuts by the US Fed and progress in the Sino-US trade war leads to a vibrant global capital market and investment gains. As a result, CDF 1H19 net profit rose 29% YoY, surpassing the full-year earnings in 2018.
KGI Bank benefitted from net interest and fee income growth as well as capital gains from investments amid a stabilized global financial market. In the end, the bank registered June net profit of NT$466mn, with Jan-Jun net profit arriving at NT$1.861bn.
KGI Securities posted June net profit of NT$629mn, and Jan-Jun net profit of NT$2.986bn on Taiex Index rallies and proprietary trading gains.
CDIB Capital reported June net profit of NT$418mn, and Jan-Jun net profit of NT$2.574bn, thanks to investment disposal and investment valuation gains, which bolstered the subsidiary’s operating performance.
China Life posted June net profit of NT$1.381bn and Jan-Jun net profit of NT$7.450bn.