Company Profile For Cathay Financial Holding Co Ltd

Cathay Financial Holding Co Ltd (2882.TW) (Taiwan Stock Exchange)

sector: Financials · industry: Financial Services - Diversified ·

As of 24 Nov 2009

58.40TWD

Price Change

+0.70

Percent Change

+1.21%

Analyst Recommendations

Overview

Cathay Financial Holding Co., Ltd. is a Taiwan-based provider of financial services. The Company operates its businesses through life insurance services, including life insurance, injury insurance, health insurance and annuity insurance, among others; commercial banking business, including deposits, trusts, electronic financial services, credit cards, foreign exchanges trading and financial services, among others; property insurance, including automobile insurance, fire insurance and engineering insurance, among others; securities business, including underwriting, broking and trading of securities and futures, as well as venture capital services and management consulting services. The Company operates its businesses principally in Taiwan, Mainland China, Vietnam, the United States and Malaysia.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Cathay Financial Holding Company's revenues increased 63% to NT$227.05B. The Company's net income for the period totaled NT$7.84B, up from NT$3.79B. Revenues reflect increases in net income from insurance, the presence of financial assets held to maturity. Net income also benefited from lower interest expenses and provision for bad debt, as well as decreased other operating cost.