Filipino Fund, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 02:01 am
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Filipino Fund, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported negative revenue was PHP 1.94 million compared to PHP 0.836413 million a year ago. Net loss was PHP 3.53 million compared to PHP 2.39 million a year ago. Basic loss per share from continuing operations was PHP 0.07 compared to PHP 0.05 a year ago.
For the nine months, negative revenue was PHP 17.06 million compared to PHP 2.78 million a year ago. Net loss was PHP 21.7 million compared to PHP 6.91 million a year ago. Basic loss per share from continuing operations was PHP 0.43 compared to PHP 0.14 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. 
