Basic Energy Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported Revenue was PHP 566,437 against PHP 3,896,569 a year ago. Loss before income tax was PHP 15,642,183 against PHP 10,290,872 a year ago. Net loss after tax was PHP 15,642,183 against PHP 10,290,872 a year ago. Net loss attributable to the parent equity holder was PHP 15,499,632 against PHP 10,682,343 a year ago. Loss per share was PHP 0.0057 against PHP 0.0041 a year ago. Net cash flows used in operating activities was PHP 12,677,486 against PHP 11,773,042 a year ago. Deductions to property & equipment were PHP 115,999 against PHP 3,155,243 a year ago. Book value per share as at March 31, 2018 was PHP 0.26. Return on Investments was negative 2.3% compared to 1.36% a year ago.