First Metro Philippine Equity Exchange Traded Fund, Inc. announced unaudited earnings results for the first quarter ended March 31, 2017. For the period, the company reported total investment income of PHP 67,981,192 against PHP 53,328,945 a year ago. Net investment income before final tax was PHP 65,805,736 against PHP 50,960,470 a year ago. Net investment income was PHP 65,738,589 against PHP 50,921,149 a year ago. Basic earnings per share were PHP 7.8427 against PHP 4.7939 a year ago. Net cash used in operating activities was PHP 107,424,092 against net cash provided by operating activities of PHP 321,000,983 a year ago. Book value per share as on March 31, 2017 was PHP 121.23 against PHP 112.86 as on December 31, 2016. Return on assets was 27.63% against 16.83% a year ago. Return on equity was 27.66% against 16.84% a year ago.