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Huaku Development Reports Q3 EPS of NT$1.05 and Authorizes NT$8 Billion for Land Acquisition
Finance · Real Estate Development · economic_daily · 2026-11-04
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Huaku Development posted a 122.68% year-on-year increase in net profit for the first nine months, while board members authorized new land development funds.
What Happened
Financial Results: Huaku Development announced a net profit of NT$1.296 billion for the first three quarters of the year, a 122.68% increase year-on-year, with an EPS of NT$3.86. Q3 net profit stood at NT$352 million, or NT$1.05 per share, remaining flat compared to the same period last year.
Operational Overview: The company successfully completed three projects this year, which significantly contributed to the profit growth seen in the first nine months. Huaku continues to maintain a steady operational pace through strategic project development and sales.
Expansion Plans: To support future development, the board of directors has authorized the chairman to manage land acquisition in the Greater Taipei and Hsinchu regions with a budget of up to NT$8 billion. This move highlights the company's commitment to expanding its land bank for long-term growth.
Market Strategy: Huaku remains focused on prime urban locations, leveraging its expertise in real estate development to maintain a competitive edge. The company continues to monitor market conditions while advancing its pipeline of construction projects.