Italpinas Development Corporation reported earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net sales of PHP 38,965,245 against PHP 170,902,642 a year ago. Profit from operations was PHP 3,389,035 against PHP 4,646,604 a year ago. Net income before tax was PHP 3,600,266 against PHP 3,352,911 a year ago. Profit was PHP 3,392,891 against PHP 3,352,911 a year ago. Earnings per share diluted were PHP 0.02 against PHP 0.02 per share a year ago. For the nine months, the company reported net sales of PHP 123,372,654 against PHP 229,723,862 a year ago. Profit from operations was PHP 25,886,284 against PHP 4,749,666 a year ago. Profit before tax was PHP 23,963,907 against PHP 12,999,052 a year ago. Profit was PHP 22,840,168 against PHP 12,437,050 a year ago. Earnings per share diluted were PHP 0.10 against PHP 0.06 per share a year ago. Net cash used in operating activities was PHP 17,706,397 against PHP 58,783,011 a year ago. Acquisition of property and equipment was PHP 156,674 against PHP 3,682,010 a year go.