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Cathay Financial keeps top spot
Staff writer, with CNA
Cathay Financial Holding Co (國泰金控) retained its title in the first four months of the year as the nation’s most profitable listed financial firm, while Fubon Financial Holding Co (富邦金控) reported the highest earnings per share, data released on Monday by the companies showed.
Buoyed by the growth of Cathay Financial and Fubon Financial, combined net profit of the nation’s 15 financial conglomerates listed on the Taiwan Stock Exchange and the over-the-counter Taipei Exchange reached a record NT$247.54 billion (US$8.85 billion) for the four-month period, up 112 percent from a year earlier.
Cathay Financial reported net profit of NT$71.28 billion in the first four months, up 158 percent from a year earlier, thanks to the improving profitability of its subsidiaries.
Cathay most profitable of financial firms; Fubon reports highest EPS
05/11/2021 07:49 PM
CNA file photo
Taipei, May 11 (CNA) Cathay Financial Holding Co. retained the title as the most profitable stock market-listed financial firm in Taiwan in the first four months of this year, while Fubon Financial Holding Co. reported the highest earnings per share (EPS) for the four-month period, according to industrial statistics.
Boosted by the growth enjoyed by Cathay Financial and Fubon Financial, the combined net profit of the 15 financial holdings listed on the local main board and the over-the-counter market hit a new high of NT$247.54 billion (US$8.88 billion) for the four-month period, up 112 percent from a year earlier.
Taiwan Cooperative Financial pursues stable profit growth
By Crystal Hsu / Staff reporter
State-run Taiwan Cooperative Financial Holding Co (合庫金控) is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging, the company said yesterday.
The cautiously optimistic guidance came after the bank-focused conglomerate’s profit last year dropped 2.17 percent to NT$17.14 billion (US$606.45 million), which it attributed mainly to higher provision costs, and lower interest and fee income.
That translated into earnings per share of NT$1.24, compared with NT$1.29 in 2019.
Vehicles drive past a Taiwan Cooperative Bank branch on Guan Chien Road in Taipei on Feb. 12, 2019. Taiwan Cooperative Financial Holding Co yesterday said it is pursuing stable profit growth this year on the back of economic improvement at home and abroad, although the operating environment remains challenging.