Taiwan's Cathay Fin Q3 net below mkt estimate

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TAIPEI | Thu Oct 8, 2009 4:48am EDT

TAIPEI Oct 8 (Reuters) - Cathay Financial (2882.TW), Taiwan's top listed financial holding company, booked a net profit of T$2.466 billion ($77 million) for the third quarter, below market expectations.

The third quarter net profit was based on Reuters' calculations after Cathay announced in a statement on Thursday that its January-September net profit totalled T$7.85 billion, compared with a net profit of T$3.75 billion a year earlier. (US$1=T$32.1) (Reporting by Rachel Lee, writing by Baker Li; Editing by Chris Lewis)

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