Basic Energy Corp. Announces Audited Consolidated Earnings Results for Year Ended December 31, 2017
April 16, 2018 at 09:15 pm EDT
Basic Energy Corp. announced audited consolidated earnings results for year ended December 31, 2017. For the year, the company reported loss before income tax was PHP 48,733,272 against PHP 120,818,853 a year ago. Net loss was PHP 58,244,370 against PHP 124,460,312 a year ago. Net loss attributable to equity holder of the parent company was PHP 58,104,275 against PHP 75,648,092 a year ago. Basic and diluted loss per share was PHP 0.022 compared to PHP 0.030 a year ago. Net cash flow used in operating activities was PHP 53,108,085 against PHP 47,475,597 a year ago. Addition to property and equipment was PHP 3,249,645 against PHP 180,029 a year ago. Book value per share as at December 31, 2017 was PHP 0.26.