COL Financial earns record P379 million in 2017
MANILA, Philippines — COL Financial Group Inc. (COL), the country’s online stock and mutual fund platform, grew its net income by 15.3 percent to a new record of P379 million last year on the back of steady growth in clients.
“We are happy to end the year serving almost a quarter of a million investors. We will continue to find ways to empower Filipinos so they can take control of their financial future, by providing them the optimal investing experience and by guiding them all throughout their entire investment journey,” said COL Financial president and chief executive officer Dino Bate.
The company registered P970 million in revenues, up 16.4 percent as all areas of the business showed healthy growth last year.
Commission revenues saw a robust increase, helped by positive market conditions.
Bate said the company’s strong performance for the year would not have been possible if not for the continuous growth of its client base.
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