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, 2017

2. SEC Identification Number

52412

3. BIR Tax Identification No.

000-156-011

4. Exact name of issuer as specified in its charter

BELLE CORPORATION

5. Province, country or other jurisdiction of incorporation or organization

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

5th Floor, Tower A, Two E-Com Center, Palm Coast Avenue, Mall of Asia Complex, CBP 1-A, Pasay City Postal Code 1300

8. Issuer's telephone number, including area code

6628888

9. Former name or former address, and former fiscal year, if changed since last report

N/A

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 Stock	10,498,679,857
Debt outstanding (in php thousands)	9,413,894

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, Inc. / Common shares

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.

Belle CorporationBEL

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, 2017
Currency (indicate units, if applicable)	PHP (in Thousand)

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	9,248,004	10,622,588
Total Assets	40,384,321	41,564,958
Current Liabilities	5,589,898	8,001,556
Total Liabilities	13,099,017	13,821,176
Retained Earnings/(Deficit)	5,923,108	6,289,302
Stockholders' Equity	27,285,304	27,743,782
Stockholders' Equity - Parent	24,340,227	24,583,823
Book Value per Share	2.01	2.34

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	1,989,654	1,488,133	1,989,654	1,488,133
Other Revenue	43,620	7,331	43,620	7,331
Gross Revenue	2,033,274	1,495,464	2,033,274	1,495,464
Operating Expense	881,672	638,788	881,672	638,788
Other Expense	208,732	257,778	208,732	257,778
Gross Expense	1,090,404	896,566	1,090,404	896,566
Net Income/(Loss) Before Tax	942,870	598,898	942,870	598,898
Income Tax Expense	160,352	186,084	160,352	186,084
Net Income/(Loss) After Tax	782,518	412,814	782,518	412,814
Net Income Attributable to Parent Equity Holder	621,681	346,947	621,681	346,947
Earnings/(Loss) Per Share (Basic)	0.3	0.13	0.3	0.13
Earnings/(Loss) Per Share (Diluted)	0.3	0.13	0.3	0.13

Other Relevant Information
N/A