MANILA, Philippines --- Ty family-led GT Capital Holdings Inc. saw an 8.1-percent year-on-year decline in first quarter net profit to P3.4 billion, weighed down by a slowdown in the automotive business. Excluding non-recurring items, GT Capital's core profit slipped by 7.9 year-on-year to P3.5 billion in the first three months while group-wide revenues rose by 3 percent year-on-year to P47 billion. Higher equity in net income of associates Metropolitan Bank & Trust Co. (Metrobank), AXA Philippines, and Sumisho Motor Finance Corp. (Sumisho), as well as from the conglomerate's property investments, contributed to GT Capital's financial performance. ...
Keep on reading: GT Capital nets P3.4B in first three months of 2019
from INQUIRER.net http://bit.ly/2W5zrhS
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