E.Sun Financial posts net fee income of NT$5.27bnPROFITABLE UNIT: E.Sun Securities’ net fee income contributed to 16.3% of its parent company’s total in the first quarter, and rose 52.5% year-on-yearBy Kao Shih-ching / Staff reporterE.Sun Financial Holding Co (玉山金控) on Monday reported net fee income of NT$5.27 billion (US$189.1 million) for the first quarter of this year, the highest quarterly figure in its history, thanks to contributions from E.Sun Securities Co (玉山證券) as more investors participated on the local stock market. E.Sun Securities’ net fee income increased 52.5 percent year-on-year to NT$840 million in the first quarter, accounting for 16.3 percent of the holding company’s net fee income, E.Sun Financial said in a statement. As of the end of last year, the securities unit’s fee income contributed 12.4 percent to its parent company’s total fee income. Photo: Kelson Wang, Taipei TimesThe growth in fee income boosted E.Sun Securities’ net profit by 274 percent from a year earlier to NT$416 million in the first quarter. The two divisions contributed to two-thirds of E.Sun Financial’s total net fee income, company data showed.

Source: Taipei Times May 25, 2021 15:56 UTC