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CDF announced net profits of NT$818 million for the month of November 2018

      2018-12-10

China Development Financial Holding (CDF) announced November earnings today. According to CDF spokesperson Eddy Chang, trading volume declined last month despite a rebound in capital markets, as the global financial environment remained volatile. CDF reported preliminary net profit of NT$818mn in November, taking cumulative net profit in January-November 2018 to NT$7.95bn, or EPS of NT$0.55.

Among subsidiaries, KGI Bank relied on net interest income and fee income for earnings in November, but a volatile financial market constrained trading performance, leading to net loss of NT$76mn. Cumulative net profit in January-November totaled NT$2.39bn.

KGI Securities benefited from stabilizing capital markets, which boosted its investment gains, posting net profit of NT$199mn in November, with January-November 2018 net profit amounting to NT$3.49bn.

CDIB Capital Group reported net profit of NT$910mn in November and NT$2.19bn in January-November 2018 on rising investment valuations.

Lastly, with net loss of NT$246mn in November, China Life saw January-November 2018 net profit reach NT$10.67bn.

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