COL Financial Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 05:04 am
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COL Financial Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 253.84 million compared to PHP 169.71 million a year ago. Net income was PHP 118.31 million compared to PHP 49.2 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.01 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.01 a year ago.
For the six months, revenue was PHP 571.54 million compared to PHP 399.75 million a year ago. Net income was PHP 276.71 million compared to PHP 139.67 million a year ago. Basic earnings per share from continuing operations was PHP 0.06 compared to PHP 0.03 a year ago. Diluted earnings per share from continuing operations was PHP 0.06 compared to PHP 0.03 a year ago.
COL Financial Group, Inc. (COL) is a Philippines-based company that provides online financial services. The Company is engaged in offering stock brokerage and fund distribution services. The Company is also engaged in providing financial advice, in the gathering and distribution of financial and investment information and statistics and in acting as financial, commercial or business representative. The Company provides an online trading platform, which offers real-time market information and direct market access, while providing the comprehensive stock market research and analysis necessary for its clients. The Company operates through two segments: Stockbrokerage services and Others. The Stockbrokerage services segment includes the Companyâs stockbrokerage companies, mainly the Parent Company and COL Securities (HK) Limited (COLHK). The Others pertaining to the Companyâs subsidiaries other than COLHK. COL owns asset management firm, COL Investment Management, Inc. (CIMI).
COL FINANCIAL GROUP, INC. 
