Reported about 1 year ago
Wealth financial groups Fubon Financial and Cathay Financial reported massive earnings in the first half of the year, with Fubon Financial achieving a record profit per share of 5.95 yuan. Boosted by life insurance and banking, Fubon Financial's after-tax net profit reached 81.06 billion yuan for the first six months, surpassing the previous year's annual earnings. Meanwhile, Cathay Financial reported an after-tax net profit of 71.6 billion yuan for the same period, driven by banking, property and casualty insurance, securities, and investment trust businesses. Overall, the two financial giants earned a total of 152.6 billion yuan in profits in the first half of the year.
Source: YAHOO