Fubon Financial earned NT$2.84 billion or US$96.59 million in net income last month, significanlty increasing the NT$2.25 billion it earned in August.
The improvement came even though the conglomerate had to set aside NT$650 million in provision to compensate for a possible earnings shortfall at affiliated Taiwan Sports Lottery Corp.
Fubon Life Insurance Co generated the bulk of earnings, NT$2.27 billion, last month, compared with a meagerNT$700 million in August, as foreign currency exchange losses eased.
Taipei Fubon Commercial Bank Co reported NT$790 million in net income last month, weakening from NT$1.07 billion one month earlier, the filing said.
Net profits at Fubon Financial totaled NT$12.12 billion in the third quarter, almost tripling earnings in the second quarter, thanks to cash dividends sized at NT$8.46 billion this year, company data showed.
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