A holding company and one of the largest companies in the Philippines, GT Capital Holdings, Inc. achieves 29% growth in core net income of P15 billion in 2017. In 2016, it only got P11.7 billion net income.
GT Capital’s consolidated revenues increased 19% to P239.8 billion in 2017 from P202.1 billion in the previous year.
Strong auto unit sales from Toyota Motor Philippines Corporation (TMP), as well as improved results from associated Metropolitan Bank & Trust Company (Metrobank), Axa Philippines, and Metro Pacific Investments Corporation (Metro Pacific), all contributed towards GT Capital’s revenue growth
“Our full-year 2017 results show encouraging growth momentum, with core net income up by 29 percent. GT Capital’s key sectors continue to be in the sweet spot, in line with our country’s stage of economic development, reaping demographic dividends,” GT Capital President Carmelo Maria Luza Bautista said. – GT Capital Official Press Release