GT Capital posts strong 9-mo results

By Brix Lelis

Nov 15, 2023 12:44 am

GT Capital Holdings Inc. said Tuesday that nine-month consolidated net income had risen by 54 percent, to P23.09 billion from P14.95 billion a year ago, while core net income more than doubled to P23.25 billion from P11.33 billion.

The conglomerate noted that its prorated share in its associate Metro Pacific Investments Corp.'s (MPIC) non-recurring expenses spelled the difference between consolidated and core net income.

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