PSE operating revenue up 14.6%

THE Philippine Stock Exchange Inc. (PSE) reported that its operating values grew by 14.55 percent in the January-July period of 2022 to P849.24 million from P741.35 million in the same span during 2021.

Listing-related fees for the half of 2022 went up by 12.83 percent or by P41.66 million, with P36.66 million being attributable to licensing fees.

Trading-related fees went up by P22.86 million or 11.93 percent during the first half of 2022 because of the P41.33 million increase in data feed income on account of higher index licensing fees.

Other operating revenues went up by 251.65 percent for the first six months of 2022 from P29.70 million to P104.43 million due to higher listing-related penalties and trade amendments fees during the period.

PSE’s net income after taxes at the first half of 2022 was at P374.05 million, lower by 1.04 percent than its P377.98 million figure in the same span last year.

Operating income for the same period in 2022 increased by 28.87 percent from P377.69 million to P486.75 million.

Investment income, on the other hand, took heavy declines in the first six months of 2022 as it plunged by 449. 1 percent from P30.26 million in profits to P105.98 million in losses.

Total expenses for the first half of 2022 amounted to P362.49 million, down by P1.17 or 32 percent from P363.66 million for the same period last year. Of this total, 43.64 percent represented the cost of services that are directly related to the results of the exchange.

Administrative expenses for the first six months of 2022 which were at P204.29 million decreased by 1.11 percent from last year’s P206.59 million.

Investments in financial assets registered a mark-to-market loss in fair value by P145.29 million for the first half of 2022 from last year’s net loss of P3.58 million.

For the current year, PSE President Ramon Monzon also reported that as of the first half of 2022, the exchange was able to raise P76.17 billion in capital with eight initial public offerings, five private placements and three stock rights offers.

In addition, he also pointed out that there will be six companies, which are approved or waiting approval, that will be listing their shares in the exchange: Upson International Corp., Prime Infrastructure Capital Inc., ISOC Cold Chain Logistics Inc., Alternergy Holdings Corp., Solar Philippines Nueva Ecija Corp. and Globe Telecom Inc.