Asiabest Group International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported income before income tax of PHP 306,957 and net income of PHP 220,501 or PHP 0.003 per share against loss before income tax of PHP 3,026,284 and net loss of PHP 3,041,000 or PHP 0.043 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was PHP 11,911,281 against net cash used in operating activities of PHP 2,929,968 for the same period a year ago.

For the six months, the company reported loss before income tax of PHP 797,605 and net loss of PHP 973,492 or PHP 0.015 share against loss before income tax of PHP 5,225,306 and net loss of PHP 5,256,092 or PHP 0.118 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was PHP 11,775,198 against net cash used in operating activities of PHP 7,437,339 for the same period a year ago.