Seafront Resources Corporation Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2017
April 16, 2018 at 03:50 am EDT
Seafront Resources Corporation reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported total revenue of PHP 16,130,614 compared to PHP 7,633,971 a year ago. Income before tax was PHP 14,678,714 compared to PHP 6,307,559 a year ago. Net income was PHP 14,671,667 or PHP 0.09001 per basic and diluted share compared to PHP 6,300,512 or PHP 0.03865 per diluted and basic share a year ago. Net cash used in operating activities was PHP 866,170 against PHP 695,171 a year ago. Book value per share was PHP 3.32 compared to PHP 1.28 a year ago. Return on assets was 0.02% compared to 0.03% a year ago. Return on equity was 0.03% compared to 0.03% a year ago.