The Philippine Stock Exchange said Wednesday net income in the first half fell 7.4 percent to P345.1 million from P372.7 million recorded in the same period last year which included non-recurring gains.
The local bourse operator said first-half operating revenues grew 18.1 percent to P662.5 million from P560.8 million a year ago, on higher listing and trading-related fees.
Listing related fees, which accounted for 45 percent of total revenues, jumped 37.1 percent in the first six months, following three initial public offerings and 12 additional/follow-on listings.
The IPOs in the first half were Wilcon Depot Inc., Eagle Cement Corp. and Cebu Landmasters Inc.
Other big deals during the six-month period were the P60-billion stock rights offering of BDO Unibank Inc. which raised P60 billion and China Bank which generated P15 billion in fresh capital.
Trading-related fees also went up by 12.2 percent in the first half, as trading volume at PSE rose 7 percent to P994 billion from P932 billion in the same period last year.
Other income declined 50.4 percent to P77.5 million.