Filipino Fund, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 16, 2022 at 05:41 am IST
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Filipino Fund, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was PHP 25.91 million compared to revenue of PHP 11.47 million a year ago. Net loss was PHP 27.48 million compared to net income of PHP 10.29 million a year ago. Basic loss per share from continuing operations was PHP 0.55 compared to basic earnings per share from continuing operations of PHP 0.21 a year ago.
For the six months, negative revenue was PHP 15.12 million compared to PHP 1.95 million a year ago. Net loss was PHP 18.17 million compared to PHP 4.52 million a year ago. Basic loss per share from continuing operations was PHP 0.36 compared to PHP 0.09 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. 
