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Taiwan shares end higher as tech sector gains continue focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
Mega looks to global trade financing, retail for growth taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
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. ....
Only seven financial firms this year ranked among the top 5 percent in the Taiwan Stock Exchange’s corporate governance evaluation, down from 11 a year earlier, as some were cut due to lax internal controls or improper operations, the exchange said on Thursday. Out of 45 companies, only state-run Mega Financial Holding Co (兆豐金控), SinoPac Financial Holdings Co (永豐金控), CTBC Financial Holding Co (中信金控), First Financial Holding Co (第一金控), King’s Town Bank (京城銀行), O-Bank Co (王道商業銀行) and China Life Insurance Co (中國人壽) were among the top 5 percent, the exchange said. CTBC Financial, O-Bank and China Life Insurance were new entries this ....