CTS Global 9-mo profit down 75%

By Brix Lelis

Nov 20, 2023 12:28 am

CTS Global Equity Group Inc. saw its net income in the first nine months plunge by 74.8 percent to P17.9 million from P70.9 million following lower foreign exchange gains.

Consolidated revenues, however, climbed to P59.8 million from P58.4 million due to improvements in interests and dividends, which partly offset the trading losses and drop in commissions, the company reported over the weekend.

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