CR04865-2014

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
Jun 30, 2014
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 corner EDSA, Makati City Postal Code 1232
8. Issuer's telephone number, including area code
(632) 338-5599
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/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.

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 Jun 30, 2014
Currency (indicate units, if applicable) Philippine Pesos
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Jun 30, 2014 Dec 31, 2013
Current Assets 1,178,790,814 1,063,149,112
Total Assets 2,162,443,082 2,042,159,181
Current Liabilities 1,326,341,344 1,412,294,548
Total Liabilities 1,411,983,630 1,491,016,332
Retained
Earnings/(Deficit)		 2,282,880,732 2,085,982,906
Stockholders' Equity 750,459,452 551,142,849
Stockholders' Equity - Parent 819,101,539 619,944,183
Book Value per Share 0.64 0.47
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 414,596,629 375,490,583 804,930,324 745,241,323
Other Revenue 5,278,737 47,755,401 10,452,691 109,216,676
Gross Revenue 419,875,366 423,245,984 815,383,015 854,457,999
Operating Expense 155,105,112 156,216,318 306,447,433 319,945,193
Other Expense 14,006,341 3,613,702 28,417,979 3,797,994
Gross Expense 169,111,453 159,830,020 334,865,412 323,743,187
Net Income/(Loss) Before Tax 250,763,913 263,415,964 480,517,603 530,714,812
Income Tax Expense 38,804,540 1,198,194 49,016,079 2,294,629
Net Income/(Loss) After Tax 211,959,373 262,217,770 431,501,524 528,420,183
Net Income Attributable to
Parent Equity Holder		 211,844,877 262,473,557 431,342,277 528,723,294
Earnings/(Loss) Per Share
(Basic)		 0.1807 0.1898 0.3680 0.3823
Earnings/(Loss) Per Share
(Diluted)		 0.1807 0.1898 0.3680 0.3823
Other Relevant Information

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