LT Group posts flat 9-month profit

Quick Summary:

LT Group Inc.(LTG), the holding company of most businesses of tycoon Lucio Tan, said its net income in January to September came in flat at P19.82 billion compared with the previous year’s P19.25 billion on weak tobacco performance.

As a result, LTG’s share in net income from Philippine National Bank amounted to P8.44 billion during the period, 10 percent higher than the P7.64 billion in 2023.

The beverage segment net income was higher by 59 percent to P715 million from P449 million in the same period last year.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: Philippines

Topics: Revenues Period Million Income Tobacco Fund Billion Last Higher Year Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 16:05:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23556323

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