LT Group posts flat 9-month profit

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The story "LT Group posts flat 9-month profit" was covered 1 weeks ago by Business Mirror, a news publisher based in Philippines.

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LT Group posts flat 9-month profit - Business Mirror

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.