Fubon Taiwan's Most Profitable FHC in First 9 Months
2012/10/15 | By Judy LiTaipei, Oct. 15, 2012 (CENS)--Among Taiwan's 15 financial holding companies (FHCs), 13 have publicized profit statements for September, with only three seeing monthly growth, namely Fubon Financial Holding, Chinatrust Financial Holding and SinoPac Financial Holding. Waterland Financial Holding and Cathay Financial Holding have not publicized such statements.
Fubon scored after-tax profits of NT$2.84 billion (US$94.67 million) in September, of which over NT$2 billion (US$66.67 million) from sales of U.S. government bonds by its affiliate—Fubon Life Insurance Co. The company's first-nine-month profits total NT$23.08 billion (US$769.33 million), with earnings per share (EPS) of NT$2.43 (US$0.081), the highest among all FHCs.
Thanks to profits of about NT$300 million (US$10 million) posted by its two securities firms in September, Mega Financial Holding saw after-tax profits expand to NT$17.771 billion (US$592.37 million) in the first nine months, with EPS of NT$1.55 (US$0.052), the second highest.
In the same period Chinatrust and Shin Kong Financial Holding followed with the same EPS of NT$1.21 (US$0.04), yet the former's profits of NT$15.522 billion (US$517.4 million) was higher than the latter's NT$10.237 billion (US$341.23 million).
Profitability of Taiwan's FHCs in First 9 Months Unit: NT$B | |||
FHC | After-tax profits in September | After-tax profits in first 9 months | EPS (NT$) |
Fubon | 2.84 | 23.08 | 2.43 |
Mega | 1.584 | 17.771 | 1.55 |
Chinatrust | 1.368 | 15.522 | 1.21 |
Shin Kong | -0.094 | 10.237 | 1.21 |
E. Sun Financial | 0.61 | 5.699 | 1.18 |
First Financial | 0.635 | 9.037 | 1.11 |
Taishin Financial | 0.92 | 8.63 | 1.10 |
SinoPac | 0.931 | 7.45 | 0.99 |
Taiwan Cooperative Financial | 0.594 | 6.479 | 0.96 |
Hua Nan Financial | 0.724 | 7.388 | 0.86 |
Jih Sun Financial | 0.121 | 1.705 | 0.61 |
Yuanta Financial | 0.464 | 4.69 | 0.47 |
China Development Financial | 0.318 | 4.337 | 0.34 |
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