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Cebu
Sunday, September 19, 2021
CEBU

LTG ends Q1 with P6.49B net income

LT GROUP Inc.’s (LTG) attributable net income in the first quarter of 2021 amounted to P6.49 billion, P276 million or 4.5 percent more than the P6.21 billion reported for the same period in 2020.

Publicly listed Philippine National Bank contributed P1.02 billion or 16 percent of total attributable net income.

The tobacco business accounted for P5.01 billion or 77 percent of total. Tanduay Distillers Inc. added P233 million or four percent.

Asia Brewery Inc. contributed P211 million or three percent. Eton Properties Philippines Inc. accounted for P149 million or two percent, while the 30.9 percent stake in Victorias Milling Company Inc. added P66 million or one percent. Net expenses at the parent level amounted to P198 million. (PR)


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