GT Capital boosts H1 net income by 42% to P5.6B

GT Capital Holdings Inc., the conglomerate of taipan George Ty, saw its first half consolidated net income swell by 42 percent to P5.6 billion from P4 billion year-on-year, on t.he back of the strong growth in its car business and the steady performance of its other subsidiaries.

Consolidated revenues rose by 12 percent to P74.3 billion from P66.2 billion in the same comparable period, largely on the record sales of Toyota Motor Philippines Corp. (TMP).