Italpinas Development Corporation announced earnings results for the year ending December 31, 2015. For the year, book value per share was PHP 1.44 against PHP 165.14 a year ago. Net sales were PHP 216,532,928 against PHP 133,884,986 a year ago.

Profit from operations was PHP 51,139,326 against PHP 22,266,713 a year ago. Operating revenue was PHP 238,991,542,000 against PHP 137,620,555,000 a year ago. Net income before tax was PHP 52,981,119 against PHP 22,541,388 a year ago.

Net income attributable to parent equity holder was PHP 44,476,216 against PHP 18,356,925 a year ago. Earnings per share (diluted) were PHP 0.26 against PHP 0.11 a year ago. Return on assets was 0.08% against 0.04% a year ago.

Return on equity was 0.14% against 0.22% a year ago. Net cash used in operating activities was PHP 92,953,488 against PHP 46,669,742 a year ago. Acquisition of property, plant and equipment was PHP 2,610,160 against PHP 3,091,573 a year ago.

EBITDA was PHP 69,664,000 against PHP 35,396,000 a year ago.