China Development Financial Holding Corporation (hereinafter referred to as "CDF") reported today its profit for the month of March. Unaudited after-tax profit was NT$2.60 billion, while after-tax profit for the first quarter this year reached NT$8.21 billion, representing a 135% growth compared to the same period last year. EPS was NT$0.49.
KGI Life reported an after-tax profit of NT$2.13 billion in March, and the after-tax profit for the first quarter was NT$5.14 billion, benefiting from the appreciation of the US dollar and strategic market investments. KGI Life remains committed to focusing on the sale of high-value products to boost long-term business development. KGI Securities' after-tax profit for March was NT$818 million, while the after-tax profit for the first quarter was NT$2.89 billion, marking a 53% increase compared to the same period last year. KGI Securities has achieved profitability in both its brokerage and proprietary trading divisions, powered by the strong performance of the Taiwan stock market in March. KGI Securities also maintained a steady overseas investment income. KGI Bank's after-tax profit in March was NT$457 million, and the after-tax profit for the first quarter of this year reached NT$1.46 billion as a result of a consistent growth in the volume of deposits and loans. KGI Bank continues to demonstrate strong performance in its business sectors, with sustained increases in interest and fee income contributing to profit growth. CDIB Capital Group reported an after-tax loss of NT$254 million in March, due to the evaluation fluctuation of its investment positions. The after-tax profit for the first quarter of this year was NT$129 million.
CDF has stated that the company will continue to implement risk control mechanisms to mitigate operational risks, and will also focus on executing its core ABCDE strategies to pursue sustainable long-term growth.