COL Jan-June income down 9.4%

LISTED full-service online broker COL Financial Group Inc. reported a net profit of P250.24 million for the first six months of 2024, down 9.4 percent from P276.3 million last year, amid "flattish" revenues coupled with higher operating expenses and provisions for income taxes.

First-half consolidated revenue was flat at P572.82 million as the drop in commission revenues, and the booking of trading losses was offset by increased interest income and trail fees.