China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of December 2023. Unaudited after-tax profit was NT$101 million while after-tax profit for the 2023 full-year reached NT$18.96 billion, and EPS totaled at NT$1.13.
KGI Life continued to be impacted by the appreciation of the New Taiwan dollar against the US dollar, which resulted in an increase in overall hedging costs. KGI Life reported an after-tax loss of NT$1.14 billion in December, and its after-tax profit for the 2023 full-year was NT$10.14 billion. KGI Securities benefited from the expansion of trading volume in the Taiwan stock market which resulted in a strong performance of its brokerage, proprietary trading, and underwriting businesses. KGI Securities' after-tax profit for December was NT$762 million, and the after-tax profit for the 2023 full-year was NT$7.29 billion, representing a year-on-year growth of 101%. KGI Bank has continued to maintain steady business growth, contributing to its interest and fee income. KGI Bank’s after-tax profit in December was NT$357 million and after-tax profit for the 2023 full-year was NT$5.40 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 December was NT$560 million and after-tax profit for the 2023 full year was NT$2.22 billion, representing a turnaround from last year's operating losses.
CDF stated that it will remain focused on the implementation of its core strategies while pursuing long-term sustainable growth.