GT Capital surpasses 2014 profit target

GT Capital Holdings Inc has surpassed its profit growth target for 2014 with a P9.1 billion net income, a 38 percent increase from the preceding year, based on the strong performance of its automotive, power and real estate component companies.

The 38-percent increase in core net income also exceeded the company’s target core net income growth of 13 percent to 15 percent for 2014, the company said in a statement.