Acesite (Phils.) Hotel Corporation reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total income of PHP 53,109,476 against PHP 153,129,783 a year ago. Loss before income tax was PHP 48,790,870 against income of PHP 37,619,669 a year ago. Net loss was PHP 48,790,870 against loss of PHP 37,619,669 a year ago. Loss per diluted share was PHP 0.14 against earnings of PHP 0.11 a year ago. Net cash used in operating activities was PHP 28,187,138 against net cash from operating activities of PHP 49,343,348 a year ago. Book value per share as at the end of the period was PHP 4.37.