Reported about 1 year ago
Taiwan's stock market surged by 1800 points in June, but leading securities firm Yuanta Financial Holdings (2885) announced a first-half profit of 2.8 billion TWD for the month, down from 4.8 billion TWD in the same period last year, mainly due to lower contributions from its life insurance and banking subsidiaries. The accumulated profit for January to June is 17.661 billion TWD, an increase of nearly 18% compared to last year, with an earnings per share of 1.39 TWD. Meanwhile, Capital Securities (2889) also reported a slightly increased first-half profit per share of 0.35 TWD today. Yuanta Financial Holdings' profit surge of 28.58 billion TWD in June compared to 25.15 billion TWD in May, a monthly increase of 13.63%, reflected the positive market conditions. However, the profit declined by over 40% compared to the record high of 48.85 billion TWD in the same month last year. Yuanta Financial Holdings' profit from its securities subsidiary saw significant growth in the first half of the year, while the life insurance and banking subsidiaries saw relatively minor growth. Capital Securities also announced a tax-inclusive profit of 349.11 million TWD for June and an accumulated profit of 1.21 billion TWD for January to June, a 7.89% increase over the same period last year, with an earnings per share of 0.35 TWD and net asset value per share of 11.77 TWD at the end of June.
Source: YAHOO