While economic fundamentals remain healthy at home and abroad, Waterland Financial said that continued volatility across global bourses and bond markets might pose a challenge to its profitability this year. Waterland Financial is involved in the certification and underwriting of short-term bills and financial debentures, as well as proprietary trading of government bonds, financial debentures, corporate bonds, foreign currency bonds, securities and equity-related futures. Waterland Securities (國票證券), which last year generated 9.03 percent of profits, earned NT$119 million in net income last quarter, a 22.68 percent increase from a year earlier, Chiu said. “The backdrop enabled our brokerage and proprietary trading business to put up positive growth last quarter,” he said. While seeking to strengthen its core businesses, Waterland Financial would keep looking for acquisition and merger opportunities to grow its scale and diversify income sources, Chiu said.
Source: Taipei Times April 16, 2018 15:56 UTC