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CDF reports January net profit of NT$1.356bn for EPS of NT$0.09

      2019-02-14

China Development Financial Holding (CDF) announced January preliminary net profit of NT$1.356bn, equivalent to EPS of NT$0.09, as financial investment returns picked up amid stabilizing global markets.

Regarding the earnings of subsidiaries, KGI Bank registered January net profit of NT$373mn, contributed mainly by net interest and fee incomes and financial investment gains thanks to increasing stability in capital markets. KGI Securities’ net profit came in at NT$669mn in January given rising investment returns backed by Taiex rallies. CDIB Capital Group saw January net profit arrive at NT$343mn, driven mainly by investment valuation gains in that month. China Life reported January earnings of NT$776mn.

CDF spokesperson Eddy Chang noted that the Taiex index edged up over 200 points in January on net-buying by institutional investors and rallies of global capital markets, and this helped push up the returns of financial investments. Going forward, CDF will remain committed to risk management and promoting cross-business collaboration in product development and distribution in order to strengthen its bond with customers and sharpen its competitive edge, ultimately ensuring long-term sustainable profitability.

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