Italpinas Development Corporation reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 64.9 million compared to PHP 111.15 million a year ago. Net income was PHP 14.15 million compared to PHP 20.6 million a year ago. Basic earnings per share from continuing operations was PHP 0.02 compared to PHP 0.0345 a year ago. Diluted earnings per share from continuing operations was PHP 0.02 compared to PHP 0.0345 a year ago.