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Lucio Tan’s LT Group posts 32% profit drop

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LUCIO TAN

Tycoon Lucio Tan-led conglomerate LT Group Inc. posted a net profit of P8.67 billion last year, 32 percent lower than a year ago, on lower earnings from the tobacco, banking and liquor businesses.

Posted: March 21st, 2014 in Latest Business Stories | Read More »

Asia Brewery to expand throughout Asia

Lucio Tan’s Asia Brewery Inc. expects a healthy growth in revenue as it looks to tap new markets throughout Asia-Pacific for its popular brands.

Posted: January 28th, 2013 in Headlines | Read More »

Asahi Breweries, Lucio Tan firm eye tie-up

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Asahi Breweries of Japan is in talks with the Lucio Tan group on a strategic partnership in the beverage business, beginning with the distribution of premium beer and possibly expanding into manufacturing and even an investment in Asia Brewery.

Posted: September 26th, 2012 in Editor's Pick,Headlines | Read More »

Lucio Tan seeks P300M from gov’t in damage suit

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Claiming that state prosecutors have failed to prove that his assets are ill-gotten after more than two decades of trying, ethnic Chinese businessman Lucio Tan has filed a P300 million counter-claim for damages from government.

Posted: April 12th, 2012 in Latest Business Stories | Read More »

Asia Brewery wins bottle case vs San Miguel Corp.

A Lucio Tan-owned beverage firm has won its 14-year-old damage suit against rival San Miguel Corp. (SMC). In a decision, the Court of Appeals directed SMC to pay Asia Brewery Inc. (ABI) over P68 million for illegally collecting and hoarding millions of glass bottles of ABI products and plastic crates in 1997. The amount was […]

Posted: October 5th, 2011 in Latest Business Stories | Read More »

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