Published May 18, 2021, 3:28 PM
GT Capital Holdings, Inc., the investment arm of the Ty family, reported a 60 percent jump in consolidated net income to P4.1 billion in the first quarter of 2021 from the P2.5 billion it earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the conglomerate reported a core net income of P3.4 billion for the first quarter of 2021, a 19 percent increase from P2.8 billion during the same period last year.
“This was driven primarily by Metropolitan Bank & Trust Company (Metrobank), whose net income amounted to P7.8 billion, as well as Toyota Motor Philippines (TMP), which realized a net income of P2.0 billion,” GT Capital said.