Italpinas Development Corporation reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was PHP 85.89 million compared to PHP 64.9 million a year ago. Net income was PHP 1.92 million compared to PHP 14.19 million a year ago.

Basic earnings per share from continuing operations was PHP 0.003 compared to PHP 0.023 a year ago. Diluted earnings per share from continuing operations was PHP 0.003 compared to PHP 0.023 a year ago.