First Metro Philippine Equity Exchange Traded Fund, Inc. announced audited earnings results for the year ended December 31, 2016. For the year, the company reported total investment income of PHP 28,581,206 against investment loss of PHP 42,135,123 a year ago. Net investment income before final tax was PHP 20,051,658 against investment loss before final tax of PHP 51,805,921 a year ago. Net investment income was PHP 19,924,211 against net investment loss of PHP 52,054,165 a year ago. Basic and diluted earnings per share were PHP 2.4090 against basic and diluted loss per share of PHP 4.9031 a year ago. Net cash provided by operating activities was PHP 498,137,215 against net cash used in operating activities of PHP 491,848,407 a year ago. Book value per share as on December 31, 2016 was PHP 112.87 against PHP 113.59 as on December 31, 2015. Return on assets was 1.81% against negative return on assets of 4.64% a year ago. Return on equity was 1.81% against negative return on equity of 4.65% a year ago.