Thursday 18 October 2018
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3 months ago

GSIS 2017 net income jumps 69%

The net income of state-run Government Service Insurance System jumped 69 percent to P94.7 billion in 2017 as the pension fund s earnings from its financial assets almost doubled due to a robust stock market. In a statement, the GSIS said its bottom line last year climbed from P56.1 billion in 2016, citing its latest audited financial statement. Income from financial assets increased to P59.1 billion from P30.2 billion in 2016, which the GSIS attributed to gains on valuation of traded stocks for 20

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