Grupo Sports World, S.A.B. de C.V. reported consolidated earnings results for the first quarter ended March 31, 2016. For the period, the company’s net revenue was PHP 314,925,000 against PHP 268,169,000 a year ago. Operating income was PHP 8,463,000 against PHP 1,955,000 a year ago. Earnings before tax were PHP 2,556,000 against loss of PHP 4,669,000 a year ago. Net income was PHP 1,834,000 against loss of PHP 3,488,000 a year ago. Net income, net of other result was PHP 1,834,000 against loss of PHP 3,488,000 a year ago. EBITDA was PHP 45,179,000 against PHP 34,006,000 a year ago. Net cash flow from operations was PHP 43,576,000. Acquisitions of leased location improvements, furnishings, equipment and constructions were PHP 40,834,000. The increase in revenue reflects greater revenue from monthly dues and membership sales, and a reduction in the revenue from other services, sponsorships and other activities. The change in net income reflects the increase in Operating Income as well as the decrease in the Comprehensive Financing Cost. As of March 31, 2016, net debt came to PHP 302.2 million.