Mega Financial Holding disclosed a decrease in profits for April, with an after-tax surplus of NT$2.63 billion, marking an 18% decline from the NT$3.214 billion reported in the same month last year. This represents a significant month-on-month reduction of over 30% from March’s NT$3.833 billion. Nonetheless, the company’s cumulative after-tax surplus for the first four months of the year slightly increased by 1% to NT$14.12 billion, with an earnings per share (EPS) of NT$0.99.
The performance downturn was primarily observed at Mega Bank, Mega Financial’s principal subsidiary, which posted an after-tax profit of NT$2.409 billion in April—a 15% decrease year-over-year and a 27% drop from the previous month. This decline was attributed to lower profits from financial operations such as SWAPs and stock market activities, which were particularly weak in April compared to the same period last year and the preceding month.
Despite the challenging environment, Mega Securities still managed a notable increase, with after-tax profits in the first four months jumping 54% to NT$990 million. This surge was driven by active market trading following Taiwan stocks reaching the 20,000 point mark earlier in the year. Additionally, Mega Notes reported an after-tax profit of NT$150 million for April, with a 20% increase in its first four-month earnings to NT$753 million.
Mega Property & Casualty Insurance, another subsidiary, recorded a modest after-tax profit of NT$20 million for April, primarily due to a fire insurance claim. This marks a turnaround from the same period last year, when it recorded a loss due to claims on epidemic prevention insurance policies. This year, with the exclusion of epidemic-related risk factors, the subsidiary’s financial health has shown significant improvement.
