Metrobank, Toyota drive GT Cap profit to P7.7B

The banking and automotive business of the Georgy Ty-led group GT Capital Holdings Inc. drove the group’s profit all the way up to P7.7 billion during the first nine months of the year.

GTCap reported to the Philippine Stock Exchange on Thursday that its con-solidated net income from January to September 2013 grew by 44 percent to P7.7 billion from the P5.3 billion attained in the same period last year, while its revenues surged 362 percent to P77.2 billion from P16.7 billion in 2012.