GT Capital core net income rises to P15B

GT Capital Holdings, Inc. yesterday disclosed that it achieved a 29 percent growth in core net income of P15 billion in 2017 from P11.7 billion in 2016.

GT Capital’s consolidated revenues increased 19 percent to P239.8 billion in 2017 from P202.1 billion in the previous year.

Strong auto unit sales from Toyota Motor Philippines Corp. (TMP), as well as improved results from associates Metropolitan Bank & Trust Company (Metrobank), AXA Philippines, and Metro Pacific Investments Corp. (Metro Pacific), all contributed towards GT Capital’s revenue growth. (PR)
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