LT Group swings to profit, earns P8.9B - BusinessWorld Online

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LT Group, Inc. (LTG) posted an attributable net income of P8.87 billion in the second quarter, reversing last year’s net loss of P2.76 billion, as its topline increased by 7.3% to P23.65 billion. READ:

In the first half, its net income attributable to parent firm equity holders rose to P15.4 billion, more than four times last year’s P3.73-billion income.

Banking unit Philippine National Bank reported a net income of P11.15 billion during the semester, 50% lower than P22.2 billion a year ago.

 

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