PSE posts P919M income in 2021

THE Philippine Stock Exchange Inc. (PSE) has posted a record P919.48 million net income in 2021, surpassing the previous high of P867.55 million set in 2014.

The record profit is also 40 percent higher than 2020’s P656.81 million. The company also registered a 25.3 percent year-on-year growth in its operating revenues to P1.65 billion.

“Our good financial position allowed us to pay a total of P11.00 per share in regular and special cash dividends early this month. This year’s total cash dividend distributed is the highest amount ever paid to PSE stockholders,” PSE president and chief executive officer Ramon Monzon said.

PSE’s operating revenue sources all posted double-digit gains in 2021 versus the prior year. Listing-related fees rose by 28.3 percent boosted by the largest initial public offering (IPO) in PSE’s history as well as seven other IPOs, 11 follow-on offerings, four stock rights offerings, and seven private placements, among others. The Exchange’s trading-related fees went up by 15.2 percent while service fees grew by 26.1 percent.

“2021 proved to be a record year for capital raising, in terms of the number of offerings and amount raised. There have been five IPOs, and four private placements so far this year, so we hope to see the same number of public offerings. We may not be able to match the record amount raised last year though, since Monde Nissin’s IPO alone raised a record P55.89 billion in capital. Daily average value turnover in the first quarter of 2022 was at P8.13 billion, down by 9.7 percent year to date, due to uncertainties caused by inflation and geopolitical concerns. We hope these concerns will be resolved soon so that funds can flow back into the equities market,” Monzon explained. /