Island Information & Technology Inc. reported audited earnings results for the year ended October 31, 2016. For the period, the company reported total revenue of PHP 275,625 against PHP 554,803 a year ago. Net loss before tax was PHP 828,270 against PHP 1,511,084 a year ago. Net loss for the period was PHP 833,782 or PHP 0.0002 per share against PHP 1,360,299 or PHP 0.0003 per share a year ago. Net cash used in operating activities was PHP 855,535 against PHP 1,070,706 a year ago. Negative return on assets was 0.04% and return on equity was 0.06%.