E. Sun sees after-tax profit double in 2012
The China Post news staffTAIPEI, Taiwan -- E. Sun Financial Holding yesterday reported a net after-tax profit of NT$7.04 billion in 2012, up 103 percent compared to the same period last year.
March 12, 2013, 11:31 am TWN
After-tax earnings per share (EPS) was posted at NT$1.46 with a return on equity (ROE) rate of 10.03 percent and return on assets rate of 0.59 percent. The company's affiliated E. Sun Commercial Bank reported a healthy nonperforming loans ratio of 0.17 percent and a robust coverage ratio of allowances for bad debt of 658.1 percent, the company said yesterday.
E. Sun Financial President Joseph Huang (黃男州) said yesterday that the company regards improvement in business performance, strategizing for the Asia market and financial innovation as key operation targets in 2013.
He also said that financial businesses will be influenced by the four key trends in global economy: the impact of the quantitative easing policies from the U.S. to Europe and Japan, the rise of emerging economies, the increasing popularity of the renminbi and the growing dominance of mobile devices.
The company will also aim to increase service fee revenue at E. Sun Commercial Bank, he said. Last year the bank saw a net service fee revenue growth of 19.1 percent, mainly thanks to a 38.3-percent rise in wealth management and 21.8-percent increase in credit card fee income last year compared to 2011.