LT Group 1Q2013 Net Income Up 53% to PhP5.8B
Makati—(PHStocks)—LT Group Inc. (PSE: LTG) posted a 53% increase in its net income to PhP5.8 billion for the first quarter of 2013 on the back of strong performance of the conglomerate’s banking and property segments. Net income attributable to equity holders increased by 36% to PhP3.8 billion.
The Group’s consolidated revenues as of 31 March 2013 grew by PhP2.2 billion to PhP17.7 billion due to higher revenues from banking, distilled spirits and property development, which offset the revenue drop in the beverage and tobacco sectors.