COL Financial nets P450.8M in Jan-Septhome/Business/Corporate News/COL Financial nets P450.8M in Jan-SeptCOL Financial Group Inc.’s net income increased to P450.8 billion in the first nine months of 2018, partly on the back of stronger revenues. Operating expenses grew by 24.3 percent to P140.5 million from P113.1 million, while the provision for income taxes jumped by 34.3 percent to P134.7 million from P100.3 million as operating income soared by 33.1 percent to P585.5 million from P440.01 million. In the third quarter alone, COL’s net income climbed by 2.9 percent to P128.6 million from P125.1 million in July-September 2017. Revenues inched up by 1.9 percent to P255.5 million from P250.5 million a year ago. Cost of services slid to P41.2 million from P51.7 million, while operating expenses increased by P45.5 million from P37.6 million year-on-year.

Source: Manila Times November 16, 2018 17:15 UTC