Asiabest Group International, Inc. announced audited consolidated financial results for the year ended 31 December 2016. For the year, the company reported operating revenue of PHP 0 against PHP 3,133,361 for the same period a year ago. Net loss before tax was PHP 1,190,123 against net income before tax of PHP 1,295,755 for the same period a year ago. Net loss after tax was PHP 1,373,596 against net income after tax of PHP 1,091,657 for the same period a year ago. Net loss attributable to parent equity holder was PHP 1,270,837 against net income attributable to parent equity holder of PHP 1,775,659 for the same period a year ago. Basic and diluted loss per share was PHP 0.007 per share against basic and diluted earnings per share of PHP 0.005 per share for the same period a year ago. The company reported negative return on assets of 0.01% against positive return on assets of 0.01% for the same period a year ago. The company reported negative return on equity of 0.01% against positive return on equity of 0.02% for the same period a year ago. Book value per share was 0.85 against 0.35 for the same period a year ago. Net cash used in operating activities was PHP 1,848,782 against net cash generated from operating activities of PHP 7,863,331 for the same period a year ago.