GT Capital H1 profit up 43% to P6.7B

The six-month profit of GT Capital Holdings Inc. surged to P6.7 billion from P2.7 billion year-on-year, while its core net income added 83 percent to P5.8 billion from P3.2 billion last year.

In a filing on Tuesday, GT Capital said its first-half growth was driven by the increased incomes of Metropolitan Bank and Trust Company and Toyota Motor Philippines (TMP), as well as the better real estate sales of Federal Land Inc. and higher income contribution of its associate Metro Pacific Investments Corp.