PMC Commercial Trust Announces Second Quarter and Year-to-Date Results (PR Newswire)

DALLAS, Aug. 8 /PRNewswire-FirstCall/ -- PMC Commercial Trust (Amex: PCC - News ) announced second quarter and year-to-date results today. Second Quarter Results Income from continuing operations decreased to $3,105,000 ($0.29 per share) during the three months ended June 30, 2008 from $3,387,000 ($0.32 per share) during the three months ended June 30, 2007. Significant changes when comparing the periods included: a decrease in other income of $222,000 due primarily to decreased prepayment fees on our loans receivable; and an increase in income from our retained interests in transferred assets of $200,000 primarily due to an increase in unanticipated prepayment fees. For the three months ended June 30, 2008, net income decreased to $3,529,000, or $0.33 per share, compared to $4,169,000, or $0.39 per share, for the three... [read full story]                    

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