PBCom Q1 net income swells 59% to P28.1M

Philippine Bank of Communications’ (PBCom) net income in the first quarter of the year improved from a year earlier and from the last three months of 2015 as a result of higher operating income and lower operating expense.

In a disclosure to Philippine Stock Exchange on Friday, PBCom said it registered a consolidated net income of P28.1 million in January to March, up 59 prevent from P17.6 million.