Shin Kong Financial Holding Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 29, 2023 at 06:19 am IST
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Shin Kong Financial Holding Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was TWD 5,615.19 million compared to TWD 7,440.97 million a year ago. Basic earnings per share from continuing operations was TWD 0.36 compared to TWD 0.48 a year ago. Diluted earnings per share from continuing operations was TWD 0.34 compared to TWD 0.47 a year ago.
For the nine months, net loss was TWD 769.29 million compared to net income of TWD 10,305.67 million a year ago. Basic loss per share from continuing operations was TWD 0.05 compared to basic earnings per share from continuing operations of TWD 0.65 a year ago. Diluted loss per share from continuing operations was TWD 0.05 compared to diluted earnings per share from continuing operations of TWD 0.63 a year ago.
Shin Kong Financial Holding Co Ltd is a Taiwan-based financing holding company principally engaged in the financing businesses. The Company mainly operates through four business segments. The Insurance Business segment is mainly engaged in the provision of life insurance and other insurances, such as personal life insurance, personal health insurance, group insurance, injury insurance, annuity insurance, investment insurance and others. The Banking Business segment is mainly engaged in the deposit, loan, credit card, debit card, bill and bond trading, as well as foreign exchange trading businesses. The Securities Business segment is mainly engaged in the trading of securities. The Others segment is mainly engaged in the provision of other financing related businesses.