First Metro Philippine Equity Exchange Traded Fund, Inc. reported earnings results for the period ended March 31, 2018. For the period, the company's book value per share was PHP 121.23 compared to PHP 129.73 a year ago. Negative gross revenue was PHP 101,661,892 compared to gross revenue of PHP 67,981,192 a year ago. Loss before tax was PHP 104,508,750 compared to profit of PHP 65,805,736 a year ago. Net loss after tax was PHP 104,548,308 compared to profit of PHP 65,738,589 a year ago. Basic loss per share was PHP 8.7607 compared to earnings per share of PHP 7.8427 a year ago. Net cash used in operating activities was PHP 226,331,732 compared to PHP 107,424,092 a year ago.