Investor Presentaiton
11
COL Investor Presentation
1H22 Net Income
-71.1% Y/Y
Pro Forma Consolidated Income Statement (Php Mil)
Change
1H21
1H22 Amount
%
1H22 net income fell by 71.1% to Php138.7 Mil
due to the significant decline in commissions in
2Q22, and the high base in 1Q21.
Pro forma consolidated revenues were down
50.7% to Php388.4 Mil as commissions fell by
58.5% and due to the absence of other income.
This was partly offset by the 31.4% increase in
interest income and 11.0% rise in trailer fees.
Operating profits fell by a faster 68.6% to
Php183.5 Mil as operating expenses remained flat
despite the drop in revenues.
Taxes last year were also lower than normal due to
the booking of one time benefit from the passage
of the CREATE law.
Income
Commissions
639.9
265.7
(374.2)
-58.5%
Interest
84.2
110.6
26.4
31.4%
Trailer Fees
10.2
11.4
1.1
11.0%
Other income
52.9
0.8
(52.1)
-98.5%
Total
787.2
388.4 (398.8)
-50.7%
Expenses
Commission expenses
15.1
16.2
1.1
7.3%
Personnel costs
66.9
74.2
7.3
10.9%
Professional fees
24.1
22.4
(1.6)
-6.8%
Stock exch. dues & fees
21.8
12.5
(9.3)
-42.6%
Communication
21.1
21.5
0.4
1.8%
Rentals & utilities
3.9
4.9
1.0
25.9%
Depreciation
32.9
27.3
(5.6)
-16.9%
Advertising & marketing
1.7
2.9
1.2
71.2%
Others
16.4
23.0
6.6
40.0%
Total
203.8
204.9
1.1
0.6%
Pre-Tax Income
583.5
183.5
(400.0)
-68.6%
Taxes
104.0
44.8
(59.2)
-57.0%
Net Income
479.5
138.7
(340.7)
-71.1%View entire presentation