WILD RIDE: The financial service provider said all of its subsidiaries posted profits last year, but this year sees challenges from global market volatility

Taipei Times
Date: Apr 17, 2018
By: Crystal Hsu  /  Staff reporter

Waterland Financial Holdings Co (國票金控) posted NT$659 million (US$22.4 million) in net income for last quarter, a 10.07 percent increase from the same period last year aided by improved stock brokerage and trading business, executives said yesterday.

While economic fundamentals remain healthy at home and abroad, Waterland Financial said that continued volatility across global bourses and bond markets might pose a challenge to its profitability this year.

“All subsidiaries generated profits last year, but wild volatility across global stock and bond markets are driving up hedging costs and challenging profitability this year,” executive vice president Andrew Chiu (邱銘恩) told an investors’ conference in Taipei.
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