November 20, 2014 4:31 PM ET

Capital Markets

Company Overview of Filipino Fund Inc.

Company Overview

Filipino Fund, Inc. is a close-ended balanced fund of funds launched and managed by Viscal Investment, Inc. The fund invests in the funds investing in public equity and fixed income markets. It primarily invests its corpus in the units of Philippine Stock Index Fund and ALFM Peso Bond Fund. Filipino Fund, Inc. was formed on May 09, 1991 and is domiciled in Philippines.

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Philippines

Founded in 1991

Key Executives for Filipino Fund Inc.

President
Age: 62
Corporate Information Officer
Treasurer
Age: 56
Corporate Secretary
Age: 46
Assistant Corporate Secretary
Compensation as of Fiscal Year 2014.

Filipino Fund Inc. Key Developments

Filipino Fund Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Filipino Fund Inc. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company announced operating revenue of PHP 5,695,894 compared to operating loss of PHP 6,736,555 for the same period a year ago. Net income before tax was PHP 4,962,310 compared to net loss before tax of PHP 8,000,144 for the same period a year ago. Net income after tax was PHP 4,960,752 or PHP 0.1 per basic share compared to net loss after tax of PHP 8,101,914 or PHP 0.34 per basic share for the same period a year ago. Book value per share at the end of the period was PHP 4.67. For the nine months, the company announced operating revenue of PHP 22,311,193 compared to operating loss of PHP 3,045,200 for the same period a year ago. Net income before tax was PHP 17,152,390 compared to net loss before tax of PHP 9,065,714 for the same period a year ago. Net income after tax was PHP 17,022,080 or PHP 0.34 per basic share compared to net loss after tax of PHP 9,281,314 or PHP 0.39 per basic share for the same period a year ago.

Filipino Fund Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Filipino Fund Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported investment income of PHP 6,267,165 against investment loss of PHP 19,673,651 a year ago. Net income before tax was PHP 4,071,030 against loss before tax of PHP 22,107,331 a year ago. Increase in net assets attributable to unitholders from operations was PHP 4,048,227 or PHP 0.08 per basic share against decrease in net assets attributable to unitholders from operations of PHP 22,160,433 or PHP 0.93 per basic share a year ago. For the six months, the company reported investment income of PHP 16,615,299 against PHP 3,691,355 a year ago. Net income before tax was PHP 12,190,080 against loss before tax of PHP 1,065,570 a year ago. Increase in net assets attributable to unitholders from operations was PHP 12,061,329 or PHP 0.24 per basic share against decrease in net assets attributable to unitholders from operations of PHP 1,179,399 or PHP 0.05 per basic share a year ago. Net cash provided by operating activities was PHP 11,680,804 against cash used in operating activities of PHP 38,551,128 a year ago. ROA was 5.16% and ROE was 5.40% as on June 30, 2014.

Filipino Fund Inc. Approves Amendments to Articles of Incorporation and By-Laws

Filipino Fund Inc. at its AGM held on May 20, 2014 approved amendment of the articles of incorporation and by-laws to reflect the complete address of the principal office of the company and amendment of the articles of incorporation and by-laws of the company to increase the number of directors from five to seven.

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