Philab Holdings Corp. announced consolidated financial results for the first quarter ended March 31, 2017. For the quarter, the company reported net loss before tax of PHP 40,583,090 against PHP 456,763 for the same period a year ago. Net loss after tax was PHP 40,583,090 against PHP 457,290 for the same period a year ago. Net loss attributable to parent equity holder was PHP 40,583,090. Diluted loss per share was PHP 0.03 against PHP 0.03 per share for the same period a year ago. Book value per share was PHP 0.23. Return on assets was 0.018%. Return on equity was 0.082%. Net cash used in operating activities was PHP 132,355,361 against PHP 549,818 for the same period a year ago. Additions to property, plant and equipment was PHP 2,792,408.