China Development Financial (hereinafter CDF) today announced July preliminary net profit of NT$1.534bn, being benefited from recurrent revenue, cash dividends, and earnings from the insurance business. Accumulative Jan-July net profit has arrived at NT$9.399bn, for EPS of NT$0.65. January-July net profit rose 20% YoY.
With global financial market growing steady and cash dividends income, robust financial trading contributed to KGI Bank July’s net profit of NT$407mn. The profit is also supported by net interest and fee income, resulting in January-July net profit NT$2.268bn.
Rising TAIEX and trading volume MoM along with trading and investment gains have driven strong brokerage momentum. KGI Securities posted July net profit of NT$733mn, and January-July net profit of NT$3.718bn.
CDIB Capital reported a monthly net loss of NT$57mn, and January-July net profit of NT$2.517bn, due to volatile valuations of foreign investments.
China Life posted July net profit of NT$3.104bn and January-July net profit of NT$10.554bn.