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

41376

3. BIR Tax Identification No.

000-593-240-000

4. Exact name of issuer as specified in its charter

SYNERGY GRID & DEVELOPMENT PHILS., INC.

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

Pasig City, Republic of the Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

1607, 16th Floor, Tycoon Center Bldg. Condominium, Pearl Drive, Pasig City, Metro Manila Postal Code 1605

8. Issuer's telephone number, including area code

(632)584-3930

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	49,466,000

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 / 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.

Synergy Grid & Development Phils., Inc.SGP

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)	Peso

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2017	Dec 31, 2016
Current Assets	6,819,609	7,314,165
Total Assets	6,898,359	7,392,915
Current Liabilities	178,097	403,880
Total Liabilities	179,121	414,603
Retained Earnings/(Deficit)	-42,746,762	-42,487,688
Stockholders' Equity	6,719,238	6,978,312
Stockholders' Equity - Parent	6,719,238	6,978,312
Book Value per Share	0.14	0.14

Income Statement

	Current Year-To-Date	Previous Year-To-Date	Current Year (3 Months)	Previous Year (3 Months)
Operating Revenue	1,800,000	1,800,000	1,800,000	1,800,000
Other Revenue	5,584	1,789,624	5,584	1,789,624
Gross Revenue	1,805,584	3,592,508	1,805,584	3,592,508
Operating Expense	2,037,263	1,783,208	2,037,263	1,783,208
Other Expense	-	-	-	-
Gross Expense	2,037,263	1,783,208	2,037,263	1,783,208
Net Income/(Loss) Before Tax	-231,679	1,791,250	-231,679	1,791,250
Income Tax Expense	27,395	19,184	27,395	19,184
Net Income/(Loss) After Tax	-259,074	1,772,066	-259,074	1,772,066
Net Income Attributable to Parent Equity Holder	-259,074	1,772,066	-259,074	1,772,066
Earnings/(Loss) Per Share (Basic)	-0.01	0.04	-0.01	0.04
Earnings/(Loss) Per Share (Diluted)	-0.01	0.04	-0.01	0.04

Other Relevant Information
Please see revised 17-Q, amending the Current Assets to reflect a deduction amounting to 36,721 representing the Corporation's provision for minimum corporate income tax for the first quarter of 2017.