3 months GT Capital posts P9.7-B profit in H1 Manilatimes |Biz
HIGHER real estate sales and contributions from its associates drove GT Capital Holdings Inc.’s net income to grow by only 0.80 percent to P9.71 billion in the first half of the year from P9.63 billion in the same period. In a disclosure on Thursday, the listed Ty-led conglomerate said its consolidated revenues increased by 3.07 percent to P104.27 billion from January to June from P101.17 billion a year ago. GT Capital President Carmelo Maria Luz Bautista credited the “strength in income from financial services, recovering auto unit sales growth and stable demand in the property sector” for the “positive financial ... more