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Hua Nan eyes stable profit - Taipei Times

Hua Nan Financial Holding Co (華南金控) is seeking stable profit recovery for the rest of this year after net income in the first six months declined 14 percent from a year earlier amid drastic financial market volatility, the state-run conglomerate said yesterday.
Hua Nan said it would turn conservative about investment and stay on the sidelines to see how inflation and geopolitical tensions pan out.
Financial market volatility caused by Russia’s invasion of Ukraine, inflation and interest rate hikes squeezed profitability at the group, Hua Nan president Robert Li (李耀卿) told an online investors’ conference.
Net income for the first half was NT$7.99 ....

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