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CHYYY Cathay Financial Holding Company (PK)

13.5333
0.00 (0.00%)
11 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cathay Financial Holding Company (PK) USOTC:CHYYY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.5333 9.41 14.41 0.00 00:00:00

Cathay Financial 1st Half Unaudited Net Profit Drops 22% On Year

09/07/2012 9:59am

Dow Jones News


Cathay Financial (PK) (USOTC:CHYYY)
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Cathay Financial Holdings Co. (2882.TW), Taiwan's largest financial conglomerate by listed assets, Monday posted a 22% on-year drop in its first-half unaudited net profit, dragged by a net loss at its life-insurance unit.

Cathay Financial reported an unaudited net profit of 5.17 billion New Taiwan dollars (US$172.8 million) for the six months ended June 30. It reported a first-half net profit of NT$6.64 billion last year.

In the first half of this year, Cathay's life-insurance unit recorded a net loss of NT$1.56 billion, while its banking unit Cathay United Bank posted a net profit of NT$6.65 billion. The company didn't elaborate on its result.

Write to Jenny W. Hsu at jenny.hsu@dowjones.com

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