Tuesday 25 September
Powered by Ajaxy
Aug 20, 2018 @ 21:56

Edward Lee’s COL is top stock broker in first half, profit hits record P322M

 

COL Financial Group emerged as the number one broker in the Philippine Stock Exchange in the first half with its market share surging to 8.1 percent.

COL’s average daily turnover in the PSE increased by 22.5 percent to P1.2 billion in the first half of the year.

Net earnings soared 50.1 percent to an all-time high P322.2 million, driven by strong growth across COL’s business segments.

Revenues soared 33.7 percent, buoyed by a 25.5 percent jump in commissions.

Clients across all segments added to their accounts, nearly doubling net new flows from Philippine operations to P4.7 billion.

Apart from this, total client equity from Philippine operations weet up 3.2 percent to P70.5 billion despite the market’s 15.3 percent decline.

“We’re pleased to see that our clients continue to add to their portfolios to build wealth over the long term, notwithstanding the current market environment,” said Dino Bate, president & CEO of COL.

“I believe that this also signifies their confidence in our company, as they entrust more of their assets to us,” he added.

Tags: , , ,

Related Stories
Philippine Telegraph and Telephone Corp. said it would pay all penalties imposed by the Philippine
Lopez-led Energy Development Corp. has decided to voluntarily delist from the local bourse.
The Campos family's food and beverage arm Del Monte Philippines Inc. has been cleared to
The Philippine Stock Exchange has approved the follow-on offering of Edgar "Injap" Sia-led DoubleDragon Properties


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.