Asiabest Group International Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company reported interest income of PHP 292,514 compared to PHP 779,446 a year ago. Loss before income tax was PHP 280,565 compared to income before income tax of PHP 4,080,538 a year ago. Net loss was PHP 339,067 compared to net income of PHP 3,924,649 for the same period a year ago. Net loss per share was PHP 0.005 compared to net income of PHP 0.062 a year ago. Net Cash used in operating activities was PHP 1,579,560 compared to PHP 991,912 a year ago.