Robust vehicle sales and sustained real estate sales rev up GT Capital net profit
GT Capital Holdings, Inc., the investment arm of the Ty family, posted a 32 percent hike in its January to September, 2015 consolidated net income to P8.4 billion from P6.3 billion in the same period last year.
In a disclosure to the Philippine Stock Exchange, the conglomerate said its nine-month 2015 consolidated revenues rose 10 percent to P115.1 billion from P104.9 billion in 2014.
Robust vehicle sales from Toyota Motor Philippines Corporation (TMP), sustained real estate sales from Federal Land, Inc. (Federal Land), along with greater net income contributions from associates led to GT Capital’s revenue growth. “GT Capital’s performance for the period validates our distinct business model of strong partnerships and synergies,” GT Capital chairman Francisco C. Sebastian said.
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