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, 2020

2. SEC Identification Number

CS200900917

3. BIR Tax Identification No.

007-213-535

4. Exact name of issuer as specified in its charter

ITALPINAS DEVELOPMENT CORPORATION

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

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

UNIT 28C BPI PHILAMLIFE BUILDING 6811 AYALA AVENUE MAKATI CITY Postal Code -

8. Issuer's telephone number, including area code

632 8893-0328

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

-

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	321,618,800

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

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.

Italpinas Development CorporationIDC

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, 2020
Currency (indicate units, if applicable)	PHP

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Jun 30, 2020	Dec 31, 2019
Current Assets	1,594,956,425	1,604,750,931
Total Assets	1,874,240,693	1,885,812,586
Current Liabilities	641,702,059	711,272,002
Total Liabilities	1,132,149,650	1,178,930,763
Retained Earnings/(Deficit)	367,869,111	332,659,891
Stockholders' Equity	742,091,043	706,881,823
Stockholders' Equity - Parent	742,091,043	706,881,823
Book Value per Share	1.71	1.63

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	144,228,242	97,245,358	278,689,520	204,799,313
Gross Expense	119,087,506	78,220,753	230,873,132	164,530,243
Non-Operating Income	1,552,876	2,561,596	4,311,538	5,655,272
Non-Operating Expense	7,107,196	4,931,567	15,942,431	18,598,395
Income/(Loss) Before Tax	19,586,416	16,654,634	36,185,496	27,325,947
Income Tax Expense	0	1,442,100	976,275.31	2,853,083
Net Income/(Loss) After Tax	19,586,416	15,212,534	35,209,220	24,472,864
Net Income Attributable to Parent Equity Holder	19,586,416	15,212,534	35,209,220	24,472,864
Earnings/(Loss) Per Share (Basic)	0.05	0.05	0.08	0.08
Earnings/(Loss) Per Share (Diluted)	0.05	0.05	0.08	0.08

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.08	0.56
Earnings/(Loss) Per Share (Diluted)	0.08	0.56

Other Relevant Information
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