CR03373-2015

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Mar 31, 2015
2. SEC Identification Number
39121
3. BIR Tax Identification No.
000-141-527-000
4. Exact name of issuer as specified in its charter
PhilWeb Corporation
5. Province, country or other jurisdiction of incorporation or organization
Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
The Penthouse, Alphaland Southgate Tower, 2258 Chino Roces Avenue cor. Edsa, Makati City Postal Code 1232
8. Issuer's telephone number, including area code
632-3385599
9. Former name or former address, and former fiscal year, if changed since last report
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10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common shares 1,432,616,314
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PhilWeb CorporationWEB

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Mar 31, 2015
Currency (indicate units, if applicable) Pesos
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2015 Dec 31, 2014
Current Assets 1,199,512,667 1,233,786,008
Total Assets 2,057,169,430 2,114,515,904
Current Liabilities 961,271,507 1,053,823,031
Total Liabilities 1,034,733,389 1,124,375,456
Retained
Earnings/(Deficit)		 2,555,123,604 2,521,083,685
Stockholders' Equity 1,022,436,041 990,140,448
Stockholders' Equity - Parent 1,091,264,328 1,059,056,126
Book Value per Share 0.87 0.84
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 396,282,690 390,333,695 396,282,690 390,333,695
Other Revenue 3,471,344 5,173,954 3,471,344 5,173,954
Gross Revenue 399,754,034 395,507,649 399,754,034 395,507,649
Operating Expense 146,957,936 151,342,321 146,957,936 151,342,321
Other Expense 7,884,681 14,411,638 7,884,681 14,411,638
Gross Expense 154,842,617 165,753,959 154,842,617 165,753,959
Net Income/(Loss) Before Tax 244,911,417 229,753,690 244,911,417 229,753,690
Income Tax Expense 34,950,506 10,211,539 34,950,506 10,211,539
Net Income/(Loss) After Tax 209,960,911 219,542,151 209,960,911 219,542,151
Net Income Attributable to
Parent Equity Holder		 209,873,520 219,497,400 209,873,520 219,497,400
Earnings/(Loss) Per Share
(Basic)		 0.17 0.18 0.17 0.18
Earnings/(Loss) Per Share
(Diluted)		 0.17 0.18 0.17 0.18
Other Relevant Information

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Filed on behalf by:
Name Raymund Aquino
Designation VP Legal/Assistant Corporate Secretary