Starmalls, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of PHP 1,360 million against PHP 924 million a year ago. Operating profit was PHP 713 million against PHP 521 million a year ago. Income before tax was PHP 701 million against PHP 499 million a year ago. Net income was PHP 484 million against PHP 344 million a year ago. Basic and diluted earnings per share were PHP 0.058 against PHP 0.041 a year ago. Net cash flows provided by operating activities were PHP 125 million against PHP 381 million a year ago. Increase in investment property and equipment was PHP 698 million against PHP 1,306 million a year ago. Return on equity was 10.5% against 7.7% a year ago. Book value per share was PHP 2.21 as on March 31, 2017. EBITDA during the period grew 46% to PHP 964 million from PHP 660 million in the same period last year.

The company provided capital expenditure guidance for the full year of fiscal 2017. Capital expenditures for the 2017 are set at PHP 9.0 billion.