Saturday 27 February 2021
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businessmirror - 6 days ago

GSIS hit by 40% dip in net income to P63B

STATE pension fund Government Service Insurance System’s (GSIS) net income dived by 40 percent to P62.76 billion last year from P104.95 billion in 2019. Based on its 2020 unaudited financial statement, its total income grew by 4.19 percent to P350.45 billion from P336.36 billion. On the other hand, its total expenses surged by 24.3 percent [ ]

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