Acesite (Phils.) Hotel Corporation reported consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported gross operating loss of PHP 11,718,076 compared to gross operating profit of PHP 48,288,967 a year ago. Loss before depreciation on revolution increment and income tax was PHP 18,433,913 compared to income before depreciation on revolution increment and income tax of PHP 21,795,624 a year ago. Loss before tax was PHP 13,299,654 compared to income before tax of PHP 6,392,846 a year ago. Net loss was PHP 13,299,654 or PHP 0.04 per share compared to net income of PHP 6,392,846 or PHP 0.02 per share a year ago. Net cash used in operating activities was PHP 68,199,387 compared to net cash from operating activities of PHP 49,343,348 a year ago. Acquisition of property and equipment was PHP 616,966 compared to PHP 3,534,271 a year ago. For the six months, the company reported total income of PHP 52,998,332 compared to PHP 276,971,073 a year ago. Gross operating loss was PHP 17,459,609 compared to gross operating profit of PHP 127,124,714 a year ago. Loss before depreciation on revolution increment and income tax was PHP 51,822,005 compared to income before depreciation on revolution increment and income tax of PHP 74,818,070 a year ago. Loss before tax was PHP 62,090,524 compared to income before tax of PHP 44,012,515 a year ago. Net loss was PHP 62,090,524 or PHP 0.18 per share compared to net income of PHP 44,012,515 or PHP 0.13 per share a year ago. Net cash from operating activities was PHP 96,386,526 compared to net cash used in operating activities of PHP 49,343,348 a year ago. Acquisition of property and equipment was PHP 616,966 compared to PHP 4,275,496 a year ago. Book value per share as at June 30, 2018 was PHP 4.33.