CR07594-2020

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
Sep 30, 2020
2. SEC Identification Number
40979
3. BIR Tax Identification No.
000-194-465-000
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) 8-637-2917
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 issued and outstanding 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 Sep 30, 2020
Currency (indicate units, if applicable) Philippine Peso
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Sep 30, 2020 Dec 31, 2019
Current Assets 83,528,569 89,800,742
Total Assets 623,349,017 630,210,953
Current Liabilities 184,565 582,595
Total Liabilities 62,752,936 63,150,966
Retained
Earnings/(Deficit)
38,253,534 44,645,751
Stockholders' Equity 560,596,081 567,059,987
Stockholders' Equity - Parent - -
Book Value per Share 3.44 3.48
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Gross Revenue 214,520 7,041,223 8,767,111 27,909,526
Gross Expense 629,041 3,964,302 15,154,290 1,718,491
Non-Operating Income - - - -
Non-Operating Expense - - - -
Income/(Loss) Before Tax -414,521 3,076,920 -6,387,179 26,191,035
Income Tax Expense 1,759 1,700 5,038 4,879
Net Income/(Loss) After Tax -416,280 3,075,220 -6,392,217 26,186,156
Net Income Attributable to
Parent Equity Holder
- - - -
Earnings/(Loss) Per Share
(Basic)
-0 0.02 -0.04 0.16
Earnings/(Loss) Per Share
(Diluted)
- - - -
Current Year (Trailing 12 months)
Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic) -0 0.2
Earnings/(Loss) Per Share (Diluted) - -
Other Relevant Information

Loss per share - Current Year (3 mo) = -0.003 ; Loss per share - Current Year (Trailing 12 months) = -0.001

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