Filipino Fund, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 13, 2020 at 03:25 am
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Filipino Fund, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced negative total revenue was PHP 3.818 million compared to PHP 2.446 million a year ago. Net loss was PHP 5.307 million compared to PHP 3.334 million a year ago. Basic loss per share from continuing operations was PHP 0.11 compared to PHP 0.07 a year ago. For the nine months, negative total revenue was PHP 36.587 million compared to total Revenue of PHP 8.330 million a year ago. Net loss was PHP 40.560 million compared to net income of PHP 4.019 million a year ago. Basic loss per share from continuing operations was PHP 0.81 compared to basic earnings per share from continuing operations of PHP 0.08 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.