CR03529-2020

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, 2020
2. SEC Identification Number
40979
3. BIR Tax Identification No.
000194465000
4. Exact name of issuer as specified in its charter
Seafront Resources Corporation
5. Province, country or other jurisdiction of incorporation or organization
Manila, Philippines
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
7th Floor, JMT Condominium, ADB Avenue, Ortigas Center, Pasig City Postal Code 1605
8. Issuer's telephone number, including area code
(632) 8637-2917
9. Former name or former address, and former fiscal year, if changed since last report
Not Applicable
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 163,000,000
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:
All Common Shares are listed in the 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.

Seafront Resources CorporationSPM

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, 2020
Currency (indicate units, if applicable) Philippine Peso
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Mar 31, 2020 Dec 31, 2019
Current Assets 76,568,586 89,800,742
Total Assets 608,081,329 630,210,953
Current Liabilities 428,740 582,595
Total Liabilities 62,997,111 63,150,966
Retained
Earnings/(Deficit)
29,062,904 44,645,751
Stockholders' Equity 545,084,218 567,059,987
Stockholders' Equity - Parent - -
Book Value per Share 3.34 3.48
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 321,475 7,149,014 321,475 7,149,014
Gross Expense 15,902,623 399,659 15,902,623 399,659
Non-Operating Income - - - -
Non-Operating Expense - - - -
Income/(Loss) Before Tax -15,581,148 6,749,355 -15,581,148 6,749,355
Income Tax Expense 1,699 1,480 1,699 1,480
Net Income/(Loss) After Tax -15,582,848 6,747,875 -15,582,848 6,747,875
Net Income Attributable to
Parent Equity Holder
- - - -
Earnings/(Loss) Per Share
(Basic)
-0.09 0.04 -0.09 0.04
Earnings/(Loss) Per Share
(Diluted)
- - - -
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) 0.06 0.04
Earnings/(Loss) Per Share (Diluted) - -
Other Relevant Information

As of March 31, 2020 Loss Per Share = -0.096; As of March 31, 2019 Earnings Per Share = 0.041

Filed on behalf by:
Name Arlan Profeta
Designation Asst. Corporate Secretary/ Alternate CIO