Mon, Mar 24, 2014 - Page 14 News List

Fubon Financial earnings expected to rise: analysts

By Kevin Chen  /  Staff reporter

The company said it was also upbeat about increased contribution from its brokerage unit, Fubon Securities Co (富邦證券), citing higher market turnover in Taiwan and growing margin lending, but expressed caution about Fubon Life Insurance Co’s (富邦人壽) outlook, given a likely lower contribution from first-year premiums.

During the first two months of the year, the company posted a cumulative net income of NT$10.4 billion, equivalent to 32 percent of last year’s total earnings of NT$32.69 billion, with Taipei Fubon Bank and First Sino Bank together contributing NT$4.1 billion and Fubon Life Insurance Co adding NT$4.9 billion, company data showed.

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