Italpinas Development Corporation announced unaudited earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported gross revenues of PHP 56,743,315 compared with PHP 36,930,406 a year ago. Income before tax was PHP 17,109,959 compared with PHP 5,532,821 a year ago. Net income after tax was PHP 16,193,595 or PHP 0.07 per basic and diluted share compared with PHP 5,532,821 or PHP 0.02 per basic and diluted share a year ago. For the six months, the company reported gross revenues of PHP 94,868,143 compared with PHP 58,821,221 a year ago. Income before tax was PHP 20,363,640 compared with PHP 9,646,139 a year ago. Net income after tax was PHP 19,447,276 or PHP 0.09 per basic and diluted share compared with PHP 9,084,137 or PHP 0.04 per basic and diluted share a year ago. Net cash used in operating activities was PHP 32,678,319 compared with net cash provided by operating activities of PHP 18,335,966 a year ago. Acquisition of property and equipments was PHP 25,656 compared with PHP 689,761 a year ago.