Fubon Taiwan’s Most Profitable FHC in First 5 Months of 2012
2012/06/13 | By Judy LiTaipei, June 13, 2012 (CENS)--Fubon Financial Holding Co. scored after-tax profits of NT$1.88 billion (US$62.67 million) in May, bringing its total profits to NT$10.13 billion (US$337.67 million) in the first five months with earnings per share (EPS) of NT$1.12 (US$0.037), the highest among Taiwan’s 15 financial holding companies (FHCs).
Victor Kung, president of Fubon Financial, attributed the firm’s thick profits mainly to the good performance of its strong banking arm--Taipei Fubon Commercial Bank, which raked in after-tax profits of over NT$6 billion (US$200 million) in the first five months for a sharp annual rise of 35%.
Shin Kong Financial Holding Co. saw its after-tax profits turned from a negative level of a month earlier to NT$5.004 billion (US$166.8 million) in May, which came mostly from the sizable profits of NT$4.727 billion (US$157.57 million) recorded by its affiliate--Shin Kong Life Insurance Co. In the first five months Shin Kong netted profits of NT$7.189 billion (US$239.63 million) with EPS of NT$0.85 (US$0.028), replacing Chinatrust Financial Holding as the third most profitable FHC in Taiwan.
Profitability of Taiwan’s 15 FHCs in May and First 5 Months of 2012 | |||
FHC | After-tax profits in May | After-tax profits in first 5 months | EPS (NT$) |
Fubon | 1.88 | 10.13 | 1.12 |
Mega Financial | 2.5 | 11.1 | 0.98 |
Shin Kong | 5.004 | 7.189 | 0.85 |
Chinatrust | 1.948 | 8.728 | 0.76 |
E. Sun Financial | 0.6 | 3.272 | 0.72 |
First Financial | 1.202 | 5.297 | 0.69 |
Taishin Financial | 0.97 | 4.57 | 0.63 |
Taiwan Cooperative Financial | 0.819 | 3.685 | 0.58 |
SinoPac Financialo | 0.713 | 4.096 | 0.56 |
Hua Nan Financial | 0.787 | 4.207 | 0.51 |
Cathay Financial | 1.11 | 4.09 | 0.4 |
Waterland Financial | 0.157 | 0.987 | 0.4 |
Jih Sun Financial | 0.172 | 0.929 | 0.35 |
Yuanta Financial | 0.362 | 3.107 | 0.31 |
China Development Financial | 0.233 | 1.766 | 0.16 |