Preloader logo

Blog categories

FICCO Achieved An All-Time High Net Surplus of ₱697.05 Million

FICCO Achieved An All-Time High Net Surplus of ₱697.05 Million

 

FICCO once again an all-time high net surplus of ₱697.05 million, a 6.7% increase over last year’s ₱653.41 million.

This, however, fell short against the target of ₱780.30 million. This unfavorable budget variance is traceable to the decline in the value of FICCO’s equity investments brought about by economic and political uncertainties. From a positive ₱68.02 million Investment gain in 2017, FICCO booked a ₱51.82 million loss.

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

div#stuning-header .dfd-stuning-header-bg-container {background-image: url(https://www.ficco.org/wp-content/uploads/2019/09/diamond-upholstery.png);background-color: #2f3590;background-size: initial;background-position: center center;background-attachment: initial;background-repeat: repeat;}#stuning-header div.page-title-inner {min-height: 250px;}
error: Content is protected !!