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LT Group net income up 313%

LT Group Inc. (LTG) reported revenues of P71.34 billion in the first nine months of 2022, up 6 percent from its P66.94-billion figure in 2021. It also posted net income of P25.66 billion, an increase of 313 percent from the same period last year.

The tobacco business accounted for P12 billion of total attributable income, Philippine National Bank (PNB) contributed P6.46 billion, Tanduay Distillers Inc. (TDI) added P855 million, Asia Brewery Inc. (ABI) accounted for P428 million and Eton Properties Philippines Inc. (Eton) contributed P334 million.