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Mega Financial Holding eyes growth as profit slips


Mega Financial Holding eyes growth as profit slips
By Crystal Hsu / Staff reporter
State-run Mega Financial Holding Co (兆豐金控) aims to improve its earnings ability this year by targeting overseas banking, mortgage lending and wealth management operations, company officials told an online investors conference yesterday.
The bank-focused conglomerate unveiled the goal after its net income declined 14 percent to NT$25.02 billion (US$880.1 million) last year, or earnings per share of NT$1.84.
Drastic interest rate cuts by central banks to mitigate the effects of the COVID-19 pandemic weighed on interest income and bancassurance, Mega Financial president David Hu (胡光華) said.
The Mega Financial Holding Co offices are pictured in Taipei in an undated photograph. The company told an online investors conference yesterday that it aims to improve its earnings ability this year by targeting overseas banking, mortgage lending and wealth management operatio ....

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电视机突然出现马赛克或黑屏现象 莫慌 可能是因为它→

电视机突然出现马赛克或黑屏现象 莫慌 可能是因为它→
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Technology products lift exports 12% to new record

Taiwan’s exports last month clocked another 12 percent upturn from a year earlier to a record US$33 billion, as 5G smartphones and other new technology applications ramped up business for local component suppliers, the Ministry of Finance (MOF) said yesterday.
The growth momentum might gather further strength this month with increases from 19 percent to 23 percent, aided by three more working days in January this year compared with last year, the ministry said.
“The factors driving the growth look sustainable and the timing of the Lunar New Year holiday will also lend support,” Department of Statistics Director-General Beatrice Tsai (蔡美娜) told ....

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