LTG 3Q consolidated net income 95.4% higher

LT Group, Inc.’s (LTG)’s consolidated net income for the nine months ended September 30, 2015 was P=7.0 billion, 95.4% higher than the P=3.6 billion reported in the previous period. Consolidated net income attributable to equity holders of LTG increased from P=2.5 billion in 9M14 to P=4.7 billion in 9M15. The improvement in net income from the four core businesses, namely banking, distilled spirits, property development and tobacco contributed to this growth. The banking segment reported a net income of P=5.3 billion or 41.5% better than the previous period’s P=3.7 billion. The distilled spirits, property development and tobacco segments’ net income increased by P=420 million, P=132 million…

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