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May 23, 2017

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Shin Kong sees good performance in first quarter

TAIPEI, Taiwan -- Shin Kong Financial Holding Co.'s (新光金控) assets totaled NT$2.6 trillion in the first quarter, representing a 9.61-percent growth year-on-year.

The company's profit totaled NT$1.4 billion, NT$1.18 billion of which belongs to shareholders in the parent company, contributing to a book value per share of NT$10.78.

Shin Kong Commercial Bank under the financial holding company has seen steady growth. Net income grew 15 percent in the first quarter. Profits derived from interests grew by over 14 percent.

Shin Kong Life Insurance has had a good year so far as well. Sales of the "longevity health insurance" gained traction in the first quarter, registering 10,843 new accounts to reap NT$446 million.

In addition, Shin Kong is launching a marathon event in an effort to promote wildlife protection. The event will be held at Taipei Zoo on July 6. Registration is open to the public ( until June 6. Shin Kong will dole out NT$3 million from registration fees to the Zoological Society of Taipei to help raise gorillas.

The event will feature a 10-kilometer race as well as a power-walking race. Participants will be given a T-shirt by the sponsors. The power-walking race is designed as a family gathering event and can be attended by people of all ages.

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