COSCO Capital Inc, the listed holding firm of retail magnate Lucio Co, said its consolidated net income in the first quarter grew 17 percent from a year earlier on the back of robust growth in its retail businesses.
Consolidated net income rose to P1.49 billion from P1.28 billion in the first quarter of 2014, while net income attributable to equity holders jumped 18 percent to P965 million from P817 million previously, the company said in a statement.
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