XTB Agente de Valores SpA, the group's Chilean unit, recorded third-quarter operating revenue of $3.21 million and net profit of $131,261, according to TradeInformer. Those figures were up 13.2% and 25.1% year on year respectively. Citing local filings, the report put January to September revenue at CLP 9.57 billion versus CLP 6.13 billion a year earlier, up 56%, and nine-month net profit at CLP 349.8 million versus CLP 272.7 million, up 28.3%.
For the nine months, OTC intermediation commissions were reported at $8.85 million, up 292.3% and equal to 90.4% of operating revenue. Financial consulting and services brought in $883,209. The report shows no revenue in the stock transaction, custody or portfolio management lines in either comparative period. It describes the local unit as operating on a matched-principal basis.
Nine-month marketing spending rose 180.9% to $5.71 million from $2.03 million, equivalent to 58.3% of operating revenue. Third-quarter marketing spending reached $1.89 million, up 56.7%. Personnel spending fell 9.2% to $2.93 million over the nine months.
The report puts paid-in capital added during the period at CLP 5.37 billion, or about $5.49 million in its dollar conversion. Ending equity rose 358.6% year on year to $7.63 million, and cash and equivalents rose 30.8% to $16.61 million. These are the Chilean entity's figures and the report's currency conversions.
Sources TradeInformer · CMF Chile
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