CDF reports June net profit of NT$3.20 bn, June YTD earnings of NT$16.95 bn, & EPS of NT$1.14

China Development Financial Holding (CDF) announces June preliminary net profit of NT$3.20bn, bringing year-to-date accumulated net profit to a record NT$16.95bn, equivalent to EPS of NT$1.14.

Profit of KGI Bank, was mainly driven by interest, investment, and fee income last month. KGI Bank saw June net profit of NT$0.47bn, for January-June earnings of NT$2.26bn. KGI Securities’ brokerage, underwriting and investment business delivered solid results with June net profit of NT$1.28bn, resulting in January-June earnings of NT$7.10bn. CDIB Capital Group reported net profit of NT$0.72bn in June, boosted mainly by valuation gains from its investment portfolio. CDIB’s January-June earnings totaled NT$2.67bn. China Life posted June earnings of NT$2.53bn, for January-June net profit of NT$16.53bn.

June preliminary net profit of NT$3.201bn, bringing year-to-date accumulated net profit to a record NT$16.956bn, equivalent to EPS of NT$1.14. The booming international stock market in June and the containment of local COVID-19 cases hoisted the capital market, benefitting the investment returns and valuation, and the operations among subsidiaries.

CDF spokesperson Richard Chang noted the booming international stock market in June and the containment of local COVID-19 cases hoisted the capital market, benefitting the investment returns and valuation, and the operations among subsidiaries. In response to the uncertainties brought along by the pandemic, CDF has implemented risk control measures to mitigate the impacts on its employees, customers, and business operations. CDF and its subsidiaries will continue to focus on accelerating their digital transformation, enhancing employee and customer engagement while continuing to focus on efficiently utilizing capital to deliver earnings growth.