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. /