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    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.

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