Commercial leasing lifts PTFC Q1 net income 69%

Listed leasing firm PTFC Redevelopment Corporation saw a 69 percent rise in its net income for the first three months of its fiscal year, driven by revenues from its wholly owned subsidiary’s commercial leasing business in Quezon City’s Baesa Town Center, the company said in a disclosure to the Philippine Stock Exchange on Monday.

PTFC said its net income for the three-month period ending November jumped to P16.3 million from the P9.6 million in the same period a year ago.