Yuanta Financial Holding Co (元大金控), one of the nation’s biggest financial service providers, posted a net profit of NT$1.22 billion (US$39.74 million) last month, with a majority of the earnings coming from its securities brokerage arm, the company said in a statement yesterday.
That represented more than 32 percent growth from NT$922 million in net income a month earlier.
The financial service provider accumulated NT$7.12 billion in net income in the first 11 months of the year, translating into NT$0.88 earnings per share, the company said.
Yuanta Securities Co (元大證券) generated a net profit of NT$948 million last month, accounting for 77.9 percent of the holding company’s income, the company said.
Yuanta Bank (元大銀行) and Yuan-ta Securities Finance Co (元大證金) contributed NT$128 million and NT$115 million respectively last month, the company said.
In other news, Fubon Financial Holding Co (富邦金控) yesterday released a statement saying its subsidiary, Fubon Securities (富邦證券) had signed a memorandum of understanding for strategic cooperation with China’s Caitong Securities Co (財通證券).
The statement did not provide details.
In a separate statement, Fubon Financial denied media reports it had offered a bid of between US$1.5 billion and US$1.8 billion for Nan Shan Life Insurance Co (南山人壽), American International Group Inc’s Taiwan unit.
The reports are “purely market speculation,” it said in the filing to the stock exchange.
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