LT Group Inc net income reaches P16.19B in 2018


Posted at Mar 18 2019 05:57 PM

MANILA - Tycoon Lucio Tan's LT Group Inc on Monday said its attributable net income reached P16.19 billion in 2018 from P10.83 billion the previous year. 

Its tobacco business accounted for P8.78 billion or 54 percent of the total, LT Group said in a disclosure to the stock exchange. 

Philippine National Bank contributed 33 percent of the total or P5.47 billion, Tanduay Distillers Inc contributed P890 million or 5 percent, while Eton Properties with P479 million and Asia Brewery with P421 million or 3 percent of the total each. 

Cash balance of the parent company stood at P1.47 billion as of December 2018, LT Group said.