SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2015

2. SEC Identification Number

19073

3. BIR Tax Identification No.

000-288-698-000

4. Exact name of issuer as specified in its charter

First Philippine Holdings Corporation

5. Province, country or other jurisdiction of incorporation or organization

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6th Floor, Benpres Building, Meralco Avenue, corner Exchange Road, Pasig City Postal Code 1600

8. Issuer's telephone number, including area code

(632)-631-8024

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	553,682,511
Preferred Shares	3,600,000

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

The registrant's common shares are being traded at the Philippine Stock Exchange.

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

First Philippine Holdings CorporationFPH

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2015
Currency (indicate units, if applicable)	Php (in millions)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2015	Dec 31, 2014
Current Assets	117,745	105,694
Total Assets	341,367	323,334
Current Liabilities	57,385	54,291
Total Liabilities	219,837	206,686
Retained Earnings/(Deficit)	73,988	72,400
Stockholders' Equity	121,530	116,648
Stockholders' Equity - Parent	67,034	65,459
Book Value per Share	138.85	135.45

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Operating Revenue	25,567	23,183	25,567	23,183
Other Revenue	796	723	796	723
Gross Revenue	26,377	23,906	26,377	23,906
Operating Expense	19,105	17,949	19,105	17,949
Other Expense	2,463	2,309	2,463	2,309
Gross Expense	21,568	20,258	21,568	20,258
Net Income/(Loss) Before Tax	4,795	3,648	4,795	3,648
Income Tax Expense	1,177	911	1,177	911
Net Income/(Loss) After Tax	3,618	2,737	3,618	2,737
Net Income Attributable to Parent Equity Holder	1,661	1,029	1,661	1,029
Earnings/(Loss) Per Share (Basic)	2.95	1.86	2.95	1.86
Earnings/(Loss) Per Share (Diluted)	2.95	1.85	2.95	1.85

Other Relevant Information
Other expense includes net loss from discontinued operation amounting to PHP 72 million and PHP 124 million in March 31, 2015 and 2014, respectively.