CTS Global earnings down 29% as volatility hits trading gains - BusinessWorld Online

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CTS Global Equity Group, Inc. reported that its first quarter net income ended lower by 29.9% to P20.1 million from P28.69 million due to lower trading gains amid poor global equity market conditions. READ:

“For the first quarter of 2022, the main markets of CTS Global Equity experienced high market volatility,” the company said in a disclosure.“Breaking down the company’s revenues into the markets which it operates in shows majority of revenues coming from the Philippine market at 57.2%, while global trading revenues contributed 42.8% of total revenues,” it added.

Meanwhile, CTS Global reported that its net margins improved to 52.4% during the quarter from 32.3% for the same period in 2021.

 

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