Reported about 1 year ago
On July 9, 2024, Cathay Financial Holdings (2882) reported a monthly after-tax net profit of NT$12.8 billion in June, a 62% increase from the previous month, with a total first-half profit of NT$71.6 billion, doubling from the previous year and surpassing last year's full-year results. The earnings per share (EPS) reached NT$4.66, setting historical records for net profit and EPS. The company ranked second in profitability and EPS in the financial sector. Various subsidiaries such as Cathay United Bank, Cathay Life Insurance, Cathay Securities, and Cathay Asset Management achieved record-high after-tax net profits. Cathay Life Insurance recorded a significant after-tax net profit in June, driven by capital gains and regular income contributions.
Source: YAHOO