COL Financial Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 09:50 pm EST
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COL Financial Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 199.84 million compared to PHP 236.94 million a year ago. Net income was PHP 69.11 million compared to PHP 104.04 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 nine months, revenue was PHP 601.57 million compared to PHP 1,057.83 million a year ago. Net income was PHP 208.79 million compared to PHP 584.41 million a year ago. Basic earnings per share from continuing operations was PHP 0.04 compared to PHP 0.12 a year ago. Diluted earnings per share from continuing operations was PHP 0.04 compared to PHP 0.12 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. 
