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CDF reporting March preliminary earnings of NT$1.316bn

      2019-04-08

China Development Financial (hereinafter CDF) announced today March net profit of NT$1.316bn and Jan-Mar net profit of NT$3.61bn, for EPS of NT$0.25. Spokesperson Eddy Chang said March preliminary net profit arrived up about 10% YoY, as the weakening of negative factors spurred investors to return to the market, fueling financial market optimism and supporting CDF’s operating performance and investment position valuation growth.

Among subsidiaries, the banking business benefited from the stabilization of international finance and contribution of net interest and fees. KGI Bank posted March net profit of NT$223mn and Jan-Mar net profit of NT$902mn. In March, the Taiex rose and boosted brokerage and proprietary trading businesses. KGI Securities posted March net profit of NT$576mn and Jan-Mar net profit of NT$1.408bn. CDIB Capital benefited from across-the-board growth of global capital markets and improved operating performance, posting March net profit of NT$470mn and Jan-Mar net profit of NT$1.236bn. China Life reported March net profit of NT$1.058bn and Jan-Mar net profit of NT$2.806bn.

Eddy Chang said that CDF will celebrate its sixtieth anniversary this year. CDF came into being as a trust company in 1955 and has since evolved into an industrial bank and CDIB Capital. Along the way, we have held to our core values of using finance to help Taiwanese enterprises grow. The three subsidiaries, China Life, KGI Bank, and KGI Securities, have out of gratitude for the long-term support from our clients, launched a series of preferential packages, so our clients can celebrate our sixtieth anniversary with us.

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