GT Capital more than doubles core earnings to P16 6 billion in H1 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
In a disclosure sent to the Philippine Stock Exchange on Monday, the conglomerate reported a consolidated net income that surged 72% year-on-year to P8.7 billion in the first three quarters.
GT Capital registers 68% spike in 2021 earnings cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
GT Capital Holdings Inc. came back stronger in 2021, as it reported a 68 percent jump in its net income to P11 billion, driven largely by the banking, automotive, and real estate businesses.
GT Capital profits up 60% in Q1 2021 as car sales, bank income jump
May 18, 2021 12:10 PM PHT
The significant increase was driven by Metropolitan Bank and Trust Company (Metrobank) and Toyota Motor Philippines performance.
Higher gross premium income of AXA Philippines also supported GT Capital s performance during the period. Notwithstanding the recent surge in COVID-19 cases and the reimposition of the enhanced community quarantine in March, we remain optimistic for the rest of the year. We look forward to the escalated vaccine deliveries by the second half, the faster inoculation of the general public, and the reopening of more sectors of the economy, said GT Capital president Carmelo Maria Luza Bautista.