SinoPac Financial Holdings Co (永豐金控) on Wednesday posted NT$803 million (US$27.14 million) in net income for last month, after its securities house swung into loss and snapped the group’s record of being the only profitable player in Taiwan by measure of year-on-year financial results.
The bank-focused conglomerate accumulated NT$6.88 billion in net income in the first five months of the year, a 6.3 percent decline from the same period last year, with earnings per share of NT$0.61, SinoPac said.
As of April, SinoPac Financial was the only financial company with positive earnings growth compared with a year earlier, as unrealized asset losses