LTG nets P6.25B

Tycoon Lucio Tan-led conglomerate LT Group Inc. boosted its nine-month net profit by 33 percent year-on-year to P6.25 billion on higher earnings across its banking, tobacco, beer, rum and property businesses.

The banking business under Philippine National Bank (PNB) accounted for 41 percent of attributable income while tobacco had a share of 29 percent. Asia Brewery Inc. accounted for 14 percent while Tanduay Distillers Inc. had an 11 percent share.

Property arm Eton Properties accounted for 4 percent while equity in net earnings from sugar firm Victorias Milling Company Inc. represented 2 percent of total.