Corporate
LTG nine-month income falls 6% on weak tobacco
LT Group Inc., the holding firm of most businesses of tycoon Lucio Tan, said net income in the nine months through September fell 6 percent to P19.25 billion from last year’s P20.41 billion, caused mainly by weaker tobacco business.
PSE to hold last edition of investors day for the year
Nine publicly-listed will join the last edition of the Philippine Stock Exchange Inc.’s investor day for the year, an event that features the presentation of select listed firms quarter-end results.
PNB nine-month net income rises 19% to P13.5 billion
The Philippine National Bank registered consolidated net income of P13.5 billion in the first nine months this year, 19 percent higher compared to the same period last year. The stronger performance was attributed to growth in the bank’s core lending and fee-based operations.
Security Bank third-quarter net profit up 4%
Security Bank Corporation’s quarterly profits continued to improve, with Q3-2023 net profit increasing to P2.65 billion, up 4 percent quarter-on-quarter and up 15 percent year-on-year.
Recovery in consumer demand increases Cosco Capital income
Cosco Capital, Inc., the listed retail holding firm of billionaire Lucio Co, reported Friday a 4.8 percent growth in nine-month net income to P9.1 billion amid a steady recovery in consumer demand.
