LT Group 2015 profit climbs 50% to P6.6B

LT Group Inc., the holding firm of tycoon Lucio Tan, said on Friday its net income last year surged by more than half on the back of solid performances by its banking and beverage businesses and the dramatic recovery of its tobacco unit.

In a disclosure to the Philippine Stock Exchange (PSE), LT Group said net income in 2015 amounted to P6.6 billion in 2015, up by 50 percent from the P4.4 billion realized the year before.