PSE profit up 18% in 2017

The Philippine Stock Exchange Inc. reported a net income of P825 million in 2017, up 18 percent year-on-year.

Operating revenue and other income rose 10 percent to P1.63 billion due to higher trading activity, stronger market data income and gain on the sale of its Tektite office in Ortigas. The offering will run from Feb. 26 to March 2, 2018. “We have set even bigger targets and milestones for the exchange in 2018. With our stock rights offering proceeding within schedule, we hope to finally get the exemptive relief from the SEC for our acquisition of the PDS (Philippine Dealing Systems). The consolidation of the equities and fixed income markets will result in a bigger and more efficient capital markets for the country,” Monzon said.