The listed holding company of the Ty Group reported a seven-percent jump in its core net income to P7.06 billion in the first quarter from P6.56 billion a year ago.
The conglomerate's consolidated net income likewise increased by seven percent to P7.11 billion from last year's P6.64 billion.
The group attributed its robust results for the threemonth period to the record performance of Metrobank as well as net income contributions of Toyota Motor Philippines (TMP), AXA Philippines Life and General Insurance Corp., Federal Land Inc. and associate Metro Pacific Investments Corp.
"The healthy growth rates GT Capital realized during the first quarter of 2024 are as what we expected. We are encouraged by the quality and persistency of our core earnings growth on top of the prior year's historical high levels," GT Capital president Carmelo Maria Luza Bautista said.
This story is from the May 17, 2024 edition of The Philippine Star.
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This story is from the May 17, 2024 edition of The Philippine Star.
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