CDF July earnings hit a yearly high of NT$2.26bn; Jan-Jul profits totaled NT$5.30bn, for EPS of NT$0.36

Aug 10, 2020


China Development Financial Holding (CDF, TWSE: 2883) reported July preliminary net profit of NT$2.263bn, bringing YTD earnings to NT$5.30bn for EPS of NT$0.36. CDF spokesperson Richard Chang attributed the year-high earnings in July to a buoyant brokerage business and investment valuation gains amid broad-based capital market advancement driven by liquidity, in addition to profit contribution from China Life.

Subsidiary KGI Bank registered July net profit of NT$373mn, with January-July earnings totaling NT$2.161bn thanks to contributions from core interest and fee incomes and rising financial investment returns resulted from the financial market rally.

KGI Securities benefited from continued momentum of the TAIEX market in July, which pushed up its brokerage income markedly. Coupled with higher returns from bond, derivatives and other overseas investments, the subsidiary’s net profit arrived at NT$1.282bn in July, resulting in January-July earnings of NT$3.688bn.

CDIB Capital Group posted net profit of NT$141mn in July on investment valuation gains. Accumulative losses from January to July narrowed to NT$1.321bn as a result.

China Life saw July net profit come in at NT$3.594bn, bringing YTD earnings to NT$11.598bn.



next news
CDIB Capital Healthcare Ventures’ AUM exceeds NT$10bn Healthcare Fund II oversubscribed, to kick off investment in September
Jul 14, 2020
learn more