Acesite (Phils.) Hotel Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 11, 2018 at 04:14 am EDT
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.