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.