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COL Financial earnings rise 38% as revenues climb - BusinessWorld Online

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COL Financial Group, Inc. reported on Monday that its net income surged by 38% to P582 million in 2021, driven by a jump in commission revenues. READ:

“While ranking #1 is not the benchmark that we measure our success on, we believe that this is the natural result of our strategy to focus on serving our customers,” COL Financial President and Chief Executive Conrado F. Bate said in a statement.

The financial group reported that its client base also hit almost half a million investors by the end of 2021. On the fund distribution side, the company said it started offering access to global funds through its platform. On April 27, the company said that it would pay out P0.085 per share in cash dividends to its shareholders. The dividends are equivalent to 65% of the company’s profits last year, and is 30.7% higher than its cash dividends from the previous year.

 

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