LUCIO Tan-led holding firm LT Group Inc. saw its consolidated net income grow 13.2 percent to P38.5 billion in 2024 from P34 billion a year earlier, driven mainly by strong revenues from its tobacco and banking businesses.
In its annual report filed Friday, LT said that its tobacco unit PMFTC Inc. — an affiliate of Philip Morris International — posted a net income of P12.8 billion last year, up 12.2 percent from P11.4 billion in 2023.
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