The Daily Manila Shimbun

 

PSE first half operating revenues up 18%

August 2, 2017

The Philippine Stock Exchange, Inc. (PSE) said its operating revenues from January to June rose by 18.1 percent to P 662.53 million from P 560.81 million in the previous year due to double digit gains in listing- and trading-related fees. Listing-related income went up by 37.2 percent on the back of initial public offerings and stock rights offerings during the January to June period, the PSE said in a statement on Wednesday. Trading-related income, on the other hand, registered a 12.2 percent increase on higher trading volume. Average daily value turnover at the end of the semester was at P8.08 billion from P 7.51 billion in the same period last year. Service fees from the Securities Clearing Corporation of the Philippines also rose by 6.7 percent. Meantime, other income declined to P 77.54 million from last year’s P 156.41 million on the absence of a non-recurring income from the prior period while total expenses increased by 10.9 percent. This resulted in a net income of P 345.15 million, lower by 7.4 percent from the P372.70 million posted in the first half of 2016. “The favorable investment backdrop provides basis for more trading and listing activities. This should support further growth in our revenues,” said PSE president and CEO Ramon Monzon Capital raised in the first six months of 2017 amounted to P 106.74 billion, which is 92 percent higher than the P55.59 billion raised in the same period last year. “The PSE remains committed to completing its major projects this year which includes the integration of the equities and fixed income exchanges as well as the introduction of new technology systems and new products for the market,” Monzon added. DMS