TOPPING THE CHARTS: Cathay Financial Holding Co bounced back from a net loss of NT$4.12bn in December to record net income of NT$4.7bn last month
Taipei Times
Date: Feb 18, 2019
By: Kao Shih-ching / Staff reporter
Taiwan’s 15 listed financial conglomerates last month saw their combined earnings rise from December last year amid reduced market volatility, with six of the companies out of the red.
Aggregate net income totaled NT$31.21 billion (US$1.01 billion) last month, compared with net losses of NT$5.99 billion in December last year, corporate data showed.
However, that represented a 43.05 percent decline from NT$54.8 billion in January last year.
Cathay Financial Holding Co (國泰金控), the nation’s largest financial holding firm by market value, posted NT$4.7 billion in net income last month, or earnings per share of NT$0.37, making it the most profitable among the 15. [FULL STORY]