CDF May net profit: NT$1.52bn Accumulative Jan-May net profit of NT$6.30bn, up 21% YoY
Jun 10, 2019
Financials
The group’s spokesperson, Eddy Chang, says the financial markets have seen greater volatility recently as the US continues to use higher tariffs as a weapon to deal with external political and economic issues, causing many institutions to predict downward pressure on global economic growth. KGI Bank suffered from both the foreign exchange and capital markets as Sino-US trade war escalation sparked shock waves through financial markets, posting May net profit of NT$31mn and Jan-May net profit of NT$1.395bn.
KGI Securities posted May net profit of NT$646mn and January-May net profit of NT$2.357bn on stable valuation gains of bonds, and overseas investment income and write-backs of income tax.
CDIB Capital benefited from rising international private equity valuation and strong operating performance, posting May net profit of NT$548mn and Jan-May net profit of NT$2.156bn.
China Life posted May net profit of NT$2.227bn and January-May net profit of NT$6.068bn on TW dollar depreciation and financial market operations.
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CDF posts net profit NT$1.16bn in April Jan-Apr net profit of NT$4.77bn, for EPS of NT$0.33
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