Reported 8 months ago
According to the Taiwan Stock Exchange, stock brokerages in Taiwan recorded a significant profit increase in May, with a total after-tax net profit of 83.25 billion NT dollars, a 62.74% annual growth compared to the same period last year. The booming stock market in May led to increased trading volume, contributing to the brokerages' substantial profits. While brokerage fee income saw growth, losses from proprietary trading activities resulted in a slight decline in net profit compared to April. Overall, the brokerages benefited from the strong performance of the Taiwanese stock market in May.
Source: YAHOO