LT Group, Inc. (LTG), the holding company of tycoon Lucio Tan, posted an unaudited net income of P20.25 billion last year, 3.7 percent lower than the P21.02 billion reported in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business accounted for P17.43 billion or
LT Group Inc. (LTG), the holding firm of most businesses of tycoon Lucio Tan, said its net income last year reached P20.25 billion, some 4 percent lower than the P21.02 billion it reported in 2020. The tobacco business accounted for P17.43 billion or 86 percent of LTG’s total attributable income;…
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LT Group, Inc. (LTG) posted a 63 percent drop in attributable net income to P3.73 billion in the first half of 2021 from the P10.03 billion earned in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “This is mainly due to the higher provisioning for credit lo