Asiabest Group International Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported interest income of PHP 332,953 against PHP 202,006 a year ago. Income before income tax was PHP 293,367 against loss before income tax of PHP 117,794 a year ago. Net income was PHP 226,776 against net loss of PHP 158,195 a year ago. Net income per share was PHP 0.004 against net loss per share of PHP 0.002 a year ago. For the six months ended June 30, 2016 and 2015 net loss amounted to PHP 0.04 million and PHP 0.320 million, respectively, which resulted to an accumulated deficit of PHP 29.3 million and PHP 30.68 million for the same periods. The interest income earned by the company on short-term investments for the six months ended June 30, 2016 totaled to about PHP 0.427 million, an increase of about PHP 0.049 million or 13% compared to PHP 0.377 million of June 30, 2015. The increase was attributable to income earned from interest of short term investment as part of cash and cash equivalent of the company. Negative return on equity was 0.001% against 0.005% a year ago. Negative return on asset was 0.001% against 0.004% a year ago. Income before income tax was PHP 45,031 against loss before income tax of PHP 245,129 a year ago. Net loss per share was PHP 0.001 against net loss per share of PHP 0.005 a year ago.