TY family-led GT Capital Holdings Inc. on Thursday reported a consolidated net income of P21.7 billion for the first three quarters of 2024, down 6 percent from P23 billion in 2023, given the absence of one-off gains booked last year.

"Excluding nonrecurring gains from lot sales and incentives from the Comprehensive Automotive Resurgence Strategy program in 2023, this is an 8-percent increase year on year," the conglomerate told the stock exchange.

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