Radio Taiwan International
Date: Feb. 18, 2019
By: Han Ting-ting and Frances Huang
TAIPEI (CNA) — Cathay Financial Holding Co. (國泰金控) was the top-earning Taiwanese company of its
In January, the aggregate net profit of the 15 financial holding firms listed on the local main board topped NT$30 billion (US$972 million), reversing a combined net loss of almost NT$6 billion in December that was caused by heavy foreign exchange and securities investment losses, the data showed.
Among the 15 financial holding companies, Cathay Financial posted NT$4.7 billion in net profit, or NT$0.37 per share, in January after its flagship arms, Cathay Life Insurance Co. and Cathay United Bank registered a net profit of NT$2.23 billion and NT$2.22 billion, respectively.
The January figure was a strong recovery from Cathay Financial’s NT$4.12 billion in net losses in December, the data showed. [FULL STORY]