Taiwan's FHCs Score 18.41% Growth in First-4-month Profits
2014/06/10 | By Judy LiTaiwan's 15 financial holding companies (FHCs) scored combined profits of NT$88.707 billion (US$2.96 billion) in the first four months of this year, up 18.41% from last year's corresponding NT$74.918 billion (US$2.5 billion).
China Development Financial Holding witnessed the highest annual profit growth of 116.39% and Yuanta Financial Holding the second highest of 95.04%, followed in sequence by Cathay Financial Holding, Waterland Financial Holding and Fubon Financial Holding, with growth of 61.13%, 47.66% and 34.38%, respectively.
However, two FHCs witnessed negative growth during the period, including Shin Kong Financial Holding and SinoPac Financial Holding. The former suffered a negative growth of 81.61% and the latter 6.82%.
In Jan.-Apr. Fubon scored after-tax profits of NT$16.692 billion (US$555.4 million) for a sizable annual rise of 34% and its earnings per share (EPS) stood at NT$1.63 (US$0.054). Both its profits and EPS were the highest among the FHCs.
In the same period Cathay took the second place with profits of NT$15.42 billion (US$514 million) and EPS of NT$1.28 (US$0.043). Mega Financial Holding was the only government-linked FHC with profits exceeding NT$10 billion (US$333.33 million) to reach NT$10.568 billion (US$352.27 million) for the third highest. (JL)
| Profitability of FHCs in First 4 Months | ||
| FHC
| Profits (NT$B.)
| Annual growth (%)
|
| China Development
| 3.367
| 116.39
|
| Yuanta
| 4.049
| 95.04
|
| Cathay
| 15.42
| 61.13
|
| Waterland
| 0.663
| 47.66
|
| Fubon
| 16.69
| 34.38
|
| Mega
| 10.568
| 29.08
|
| E. Sun Financial
| 3.757
| 27.83
|
| First
| 4.979
| 22.03
|
| CTBC
| 9.766
| 17.31
|
| Jih Sun Financial
| 0.866
| 12.03
|
| Taiwan Cooperative Financial
| 3.47
| 11.54
|
| Hua Nan Financial
| 3.857
| 9.76
|
| Taishin Financial
| 6.14
| 6.23
|
| SinoPac
| 3.592
| -6.82
|
| Shin Kong
| 1.523
| -81.61
|