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CDF July net profit of NT$1.534bn

      2019-08-08

China Development Financial (hereinafter CDF) today announced July preliminary net profit of NT$1.534bn, being benefited from recurrent revenue, cash dividends, and earnings from the insurance business. Accumulative Jan-July net profit has arrived at NT$9.399bn, for EPS of NT$0.65. January-July net profit rose 20% YoY.

With global financial market growing steady and cash dividends income, robust financial trading contributed to KGI Bank July’s net profit of NT$407mn. The profit is also supported by net interest and fee income, resulting in January-July net profit NT$2.268bn.

Rising TAIEX and trading volume MoM along with trading and investment gains have driven strong brokerage momentum. KGI Securities posted July net profit of NT$733mn, and January-July net profit of NT$3.718bn.

CDIB Capital reported a monthly net loss of NT$57mn, and January-July net profit of NT$2.517bn, due to volatile valuations of foreign investments.

China Life posted July net profit of NT$3.104bn and January-July net profit of NT$10.554bn.

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CDF is model of responsible corporate Citizenship. The company leads the way in maintaining good relations with Taiwanese society outside the business community by investing in day-to-day community welfare activities. In doing so, CDF reaches beyond the bounds of its role as a major investment bank and its corporate philosophy of assisting entrepreneurship and creating value for customers.
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