LOM 2023 Annual Report - Report - Page 6
LOM
2021 ANNUAL REPORT
Shareholder’s
Report
We are pleased to report full-year 2021 profits of
$9,467,515, or $1.83 per share. This increase over the
$4,795,622 profits declared in 2020 is a result of an
extraordinary $7.1 million realized gain on securities
that the company owned. Our underlying profits before
the extraordinary gains in 2020 and 2021 rose 17%
year-on-year, from just shy of $2 million to $2.33 million.
Management Fee Revenue
$7,164,421
+29%
Broking Fee Revenue
$7,505,575
+17%
Foreign Exchange Revenue
$752,874
+30%
Total Revenue
$24,493,484
+39%
Employee Compensation Costs
$4,647,610
+8%
Commission and Referral Fees
$5,699,135
+28%
Total Operating Expenses
$15,013,162
+17%
Assets Under Administration
$1.62 billion
+28%
Total Shareholders’ Equity
$33,545,904
+38%
06
