Filipino Fund, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 03:21 am
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Filipino Fund, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 3.81 million compared to negative revenue of PHP 1.94 million a year ago. Net income was PHP 2.46 million compared to net loss of PHP 3.53 million a year ago. Basic earnings per share from continuing operations was PHP 0.05 compared to basic loss per share from continuing operations of PHP 0.07 a year ago.
For the nine months, revenue was PHP 16.53 million compared to negative revenue of PHP 17.06 million a year ago. Net income was PHP 11.83 million compared to net loss of PHP 21.7 million a year ago. Basic earnings per share from continuing operations was PHP 0.24 compared to basic loss per share from continuing operations of PHP 0.43 a year ago.
Filipino Fund, Inc. (FFI) is a Philippines-based closed-end investment company. The Fund's post-restructuring investment objective is to provide original FFI investors with a repackaged investment. The investment objective is to provide its investors with an investment that corresponds to an enhanced share price in the Philippine Stock Exchange (PSE). The Fundâs services include investments in investments in equities, unit investment trust funds (UITFs) and high-grade fixed income securities. The Fund operates in investing in equity securities and unit investment trust funds segment. The Fundâs investment manager is AB Capital and Investment Corporation.
FILIPINO FUND, INC. 
