SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 5, 2018

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

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

6th Flr., Rockwell Business Center Tower 3, Ortigas Ave., Pasig City Postal Code 1604

8. Issuer's telephone number, including area code

2-631-8024

9. Former name or former address, 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	551,091,569
Preferred Redeemable	3,600,000

11. Indicate the item numbers reported herein

9

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Board Approval on April 5, 2018
Background/Description of the Disclosure
Item No. 9 The Board approved today the company’s Audited Parent and Consolidated Financial Statements as of and for the year ended 2017. Consolidated Financial Highlights For the year ended December 31, 2017, FPH posted an attributable Recurring Net Income (RNI) of P6.8 billion, higher by P900 million or 15% versus last year’s P5.9 billion. The growth was driven by the stronger recurring earnings from the Energy, Real Estate and Manufacturing sectors. Despite higher RNI, Net Income attributable to FPH decreased by P4.0 billion, or 41%, to P5.9 billion in 2017 from last year’s P9.9 billion on account of FPH’s share in one-off losses related to First Gen group's debt prepayments in contrast with the non-recurring gains recognized last year mainly arising from San Gabriel's liquidated damages and First Philec's arbitration settlement. FPH Group's total revenues increased by P13.0 billion, or 14%, from P91.9 billion in 2016 to P104.9 billion this year which was primarily driven by the higher revenues from sale of electricity following the full year contributions of the Avion and San Gabriel gas plants, and from the real estate business on account of higher completion and sales booking of Rockwell's projects.
Other Relevant Information
N/A