TY-LED GT Capital Holdings, Inc. reported on Tuesday a 7.1% increase in first-quarter net income for parent firm equity holders to P4.36 billion after a double-digit jump in revenues, driven by the growth of its banking and automo-bile units.
Metropolitan Bank & Trust Co.’s net income in the first three months of the year hit P8 billion, or 2.7% higher year on year. Meanwhile, Toyota Motor Philippines Corp. recorded a 4.1% increase in net income to P2.07 billion from P1.99 billion, while its consolidated net income grew 5% to P2.1 billion.
Mr. Socco added that TMP was able to further stimulate demand through sustained new model offerings in the mass market segments, which contributed to a spike in market interest. Federal Land forged a partnership with Japanese real estate developer Nomura Real Estate Development Co., Ltd. to form a new company, Federal Land NRE Global, Inc.
Source: Financial Digest (financialdigest.net)
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