Taiwan Financial Holding Co. Ltd.'s consolidated net income for the fiscal second quarter surged 95.61% to NT$13.36 billion, from NT$6.83 billion in the prior-year period.
The group posted gains from financial assets/liabilities of NT$5.69 billion for the period, compared to a loss of NT$4.74 billion previously, while net insurance loss shrunk to NT$345.2 million from NT$1.51 billion. EPS rose to 38 cents from 24 cents, according to an Aug. 30 report.
Meanwhile, net interest income slid to NT$8.95 billion quarter from NT$9.19 billion, while net fee and commission income was steady at NT$1.10 billion from NT$1.11 billion.
The group's banking unit, Bank of Taiwan, reported NT$3.92 billion in second-quarter net profit, compared with NT$2.03 billion in the year-ago quarter. EPS rose to 41 cents from 21 cents.
For the first half, the group's consolidated net income increased to NT$25.54 billion from NT$9.53 billion. Bank of Taiwan's net profit amounted to NT$6.11 billion in the first six months, up from NT$4.09 billion in the same period of 2017.
As of Aug. 30, US$1 was equivalent to NT$31.34.
