Basic Energy Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, revenues were PHP 3,904,900 against PHP 1,978,161 a year ago. Loss before tax was PHP 22,434,931 against PHP 12,144,059 a year ago. Net loss was PHP 22,434,931 against PHP 12,144,059 a year ago. Loss per share was PHP 0.0087 against PHP 0.0046 a year ago. Net cash used in operating activities was PHP 19,436,429 against PHP 7,663,387 a year ago. Additions to property and equipment were PHP 3,252,576 against PHP 97,333 a year ago. For six months, revenues were PHP 12,354,264 against PHP 7,599,702 a year ago. Loss before tax was PHP 13,714,688 against PHP 5,746,253 a year ago. Net loss was PHP 13,714,688 against PHP 5,746,253 a year ago. Loss per share was PHP 0.0062 against PHP 0.0023 a year ago. Net cash used in operating activities was PHP 18,574,675 against PHP 9,592,574 a year ago. Additions to property and equipment were PHP 122,733 against PHP 106,615 a year ago. Book value per share as at June 30, 2017 was PHP 0.25 against PHP 0.26 a year ago.