Italpinas Development Corporation announced earnings results for the year ending December 31, 2013. For the year, net sales were PHP 136,408,062 against PHP 200,518,700 a year ago. Profit from operations was PHP 5,550,371 against PHP 38,695,859 a year ago. Net income before tax was PHP 2,440,903 against PHP 31,044,727 a year ago. Profit for the year was PHP 5,299,494 compared to PHP 31,044,727 a year ago. Total comprehensive income for the year was PHP 5,299,494 compared to PHP 31,044,727 a year ago. Return on equity was 8.25%. The decrease in real estate sales was due to a number of sales which did not meet sales recognition criteria as of period end. Interest income is derived from in-house financing sales and most of it was earned in 2013 upon collection.