Cathay Financial keeps top spot
Staff writer, with CNA
Cathay Financial Holding Co (國泰金控) retained its title in the first four months of the year as the nation’s most profitable listed financial firm, while Fubon Financial Holding Co (富邦金控) reported the highest earnings per share, data released on Monday by the companies showed.
Buoyed by the growth of Cathay Financial and Fubon Financial, combined net profit of the nation’s 15 financial conglomerates listed on the Taiwan Stock Exchange and the over-the-counter Taipei Exchange reached a record NT$247.54 billion (US$8.85 billion) for the four-month period, up 112 percent from a year earlier.
Cathay Financial reported net profit of NT$71.28 billion in the first four months, up 158 percent from a year earlier, thanks to the improving profitability of its subsidiaries.