Taiwan's 15 FHCs To Gain Projected Profits of NT$230B. in First 8 Months
2014/09/23 | By Judy LiTaiwan's 15 financial holding companies (FHCs) are projected to post after-tax profits of nearly NT$230 billion (US$7.67 billion) in the first eight months, for a sizable annual growth of 50%.
As of the end of August, all 15 FHCs publicized profits gained in the first eight months except Taiwan Cooperative Financial Holding Co. that expects profits of about NT$7 billion (US$233.33 million).
Among the 14 FHCs, Fubon Financial led with after-tax profits of NT$45.97 billion (US$1.53 billion) in the first eight months for a whopping annual rise of 79%, with earning per share (EPS) of NT$4.49 (US$0.15), the highest ever recorded.
In the same period Cathay Financial Holding Co. took second place with profits of NT$41.78 billion (US$1.39 billion), also the highest of its kind and EPS of NT$3.3 (US$0.11). A senior executive of Cathay Financial says that half of the company's profits came from its affiliate—Cathay Life Insurance Co., which scored after-tax profits of NT$27.76 billion (US$925.33 million) during the period, the highest of its kind. (JL)
| Profitability of Taiwan's 14 FHCs in First 8 Months | |||
| FHC
| After-tax profits in Aug. (NT$B)
| After-tax profits in first 8 months (NT$B)
| EPS (NT$)
|
| Fubon
| 7.013
| 45.97
| 4.49
|
| Cathay
| 3.45
| 41.78
| 3.3
|
| CTBC Financial
| 2.452
| 33.275
| 2.26
|
| Mega Financial
| 2.256
| 21.395
| 1.72
|
| Yuanta Financial
| 6.35
| 13.287
| 1.31
|
| Taishin Financial
| 1.25
| 11.62
| 1.28
|
| SinoPac Financial
| 1.477
| 9.895
| 1.21
|
| First Financial
| 1.184
| 10.692
| 1.15
|
| E. Sun Financial
| 0.946
| 7.437
| 1.12
|
| Hua Nan Financial
| 1.085
| 8.752
| 0.94
|
| Jih Sun Financial
| 0.192
| 1.938
| 0.6
|
| Shin Kong Financial
| 1.541
| 6.43
| 0.59
|
| Waterland Financial
| 0.142
| 1.379
| 0.52
|
| China Development Financial
| 0.706
| 7.307
| 0.5
|