LUCIO Tan-led conglomerate LT Group Inc. on Friday said profit for the first nine months of 2017 hit P6.83 billion, up 9 percent versus the P6.25 billion posted last year, propelled mainly by the strong growth of its tobacco business.

It said 42 percent of the net income was contributed by its tobacco business under PMFTC Inc., followed by Philippine National Bank (PNB) (38 percent), Asia Brewery, Inc. (ABI) (7 percent), and Tanduay Distillers, Inc. (TDI) (6 percent).

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