MJC Investments Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
MJC Investments Corporation reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter and year-to-date, the company reported revenue of PHP 77,939,588 compared to PHP 18,733,060 a year ago. Net loss before tax was PHP 190,137,164 compared to PHP 36,444,751 a year ago. Net income attributable to parent equity holder was PHP 184,910,729 or PHP 0.06 per diluted share compared to PHP 36,546,921 or PHP 0.01 per diluted share a year ago. Net cash flow provided by operating activities was PHP 33,258,859 compared to net cash flow used in operating activities of PHP 82,037,041 a year ago. Additions to property and equipment were PHP 70,997,302 compared to PHP 843,989,118 a year ago. Gross revenue was PHP 78,001,272 compared to PHP 19,244,333 a year ago.