Filipino Fund, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 08:32 pm EDT
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Filipino Fund, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative revenue was PHP 0.506515 million compared to PHP 25.91 million a year ago. Net loss was PHP 2.41 million compared to PHP 27.48 million a year ago. Basic loss per share from continuing operations was PHP 0.05 compared to PHP 0.55 a year ago.
For the six months, revenue was PHP 12.72 million compared to negative revenue of PHP 15.12 million a year ago. Net income was PHP 9.37 million compared to net loss of PHP 18.17 million a year ago. Basic earnings per share from continuing operations was PHP 0.19 compared to basic loss per share from continuing operations of PHP 0.36 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. 
