CONGLOMERATE GT Capital Holdings, Inc. reported on Tuesday its core net income for the first quarter of the year rose 12 percent to P3.2 billion from P2.8 billion in the same period last year on the back of robust revenue and core earnings growth momentum of its component companies.
In a disclosure to the Philippine Stock Exchange (PSE), GT Capital said strong auto sales from Toyota Motor Philippines (TMP) and higher equity in net income of associates Metropolitan Bank and Trust Company (Metrobank), AXA Philippines, and Metro Pacific Investments Corp. (MPIC) led to the company’s revenue growth.
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