PTFC Redevelopment Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2016
January 16, 2017 at 08:47 am
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PTFC Redevelopment Corporation reported unaudited consolidated earnings results for the first quarter ended November 30, 2016. For the period, the company reported operating revenue of PHP 41,415,829 against PHP 37,456,504 a year ago. Profit before tax was PHP 21,720,671 against PHP 13,899,710 a year ago. Net profit was PHP 16,267,665 against PHP 9,645,972 a year ago. Net income attributable to parent equity holder was PHP 25,052,476 against PHP 9,645,972 a year ago. Basic and diluted earnings per share were PHP 0.46 against PHP 0.28 a year ago. Net cash provided by operating activities was PHP 23,756,186 against PHP 12,772,508 a year ago. Return on asset was 0.043% compared to 0.030% a year ago. Return on equity was 0.053% compared to 0.036% a year ago.
PTFC Redevelopment Corporation is a Philippines-based leasing company. The Companyâs purpose is to deal, engage or otherwise acquire an interest in land or real estate development, whether in the Philippines or elsewhere, to acquire, purchase, sell, convey, encumber, lease, rent, erect, construct, alter, develop, hold, manage, operate, administer or otherwise deal in and dispose of, for itself or for others, for profit and advantage, residential, commercial, industrial, recreational, urban and other kinds of real property. It operates commercial, industrial, mini, and personal (self) storage spaces in the country having a combined area of 75,000 square meters of covered space located in Quezon City. It provides warehousing and office rental services for businesses and individuals alike. The Companyâs subsidiary is Baesa Redevelopment Corporation.
PTFC REDEVELOPMENT CORPORATION 
