PSE profit up 53% to P406M

In a filing with the Securities and Exchange Commission, the PSE disclosed that it registered a net income growth of 53.7 percent in 2012 behind the strong performance of the Philippine stock market. 

PSE also reported that its operating revenues grew by 27 percent to P1.14 billion in 2012 from P900.Auto Accessories wholesalers76 million of the previous year, while its total revenues, which include income from investments, rose to P1.31 billion or a 30.8-percent leap from the previous year. 

According to the local bourse, the increase was mainly attributed to the growth in listing- and trading-related incomes,How efficient and environmentally friendly processing prepreg production is important part of the mobile artificial aggregate processing system will be greatly reduced as the traditional manual excavation of sand and gravel processing system. as well as service fees. 

The bourse's SEC filing specified that listing-related income reached P562.04 million or a 30.9-percent increase from the P429.29 million generated in 2011, from the rise in capital-raising activities of listed companies. 

Capital raised at the Philippine stock market, on the other hand, reached a record of P219.07 billion in 2012,Vintage bath fixtures more than double the P107.50 billion PSE raised in 2011. Capital raising activities include initial public offerings, follow-on offerings, stock rights offerings, and private placements. 

Trading activity also experienced an upsurge as average daily turnover went up by 27.1 percent to P7.26 billion in 2012, providing a significant boost to trading-related revenues and fees, which went up by 20.3 percent to P243.96 million from P202.86 million in 2011. 

The PSE added that the higher trading volume had a positive effect on service fees generated by the Securities Clearing Corp. of the Philippines, a wholly-owned subsidiary of PSE,Vintage tubs as it posted an increase of 24.5 percent to P316.38 million in 2012 from P254.03 million in 2011.tyre equipments 

"We look forward to continue leveraging on these strengths as we push the market to even greater heights in 2013," PSE President and Chief Executive Officer Hans Sicat said. 

"The PSE's exceptional corporate performance is another reflection of investors' vote of confidence in our market. If the first few months of 2013 are any indication, we are optimistic that this growth momentum can be sustained going forward," he added.