Lopez Holdings sees hefty fall in first-half profit

Listed group Lopez Holdings Corp. saw a hefty fall of more than 70 percent in its first-half profit amid absence of one-off gains.

In a statement, Lopez reported P1.4 billion in its net income attributable to equity holders of the parent for the first six months of 2013, which is 74 percent lower than the P5.5 billion it earned during the same period in 2012.