COL Financial Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 02:10 am EDT
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COL Financial Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was PHP 169.79 million compared to PHP 232.18 million a year ago. Net income was PHP 49.2 million compared to PHP 114.59 million a year ago. Basic earnings per share from continuing operations was PHP 0.01 compared to PHP 0.02 a year ago. Diluted earnings per share from continuing operations was PHP 0.01 compared to PHP 0.02 a year ago.
For the six months, revenue was PHP 401.73 million compared to PHP 820.89 million a year ago. Net income was PHP 139.67 million compared to PHP 480.37 million a year ago. Basic earnings per share from continuing operations was PHP 0.03 compared to PHP 0.1 a year ago. Diluted earnings per share from continuing operations was PHP 0.03 compared to PHP 0.1 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. 
