TY family-led GT Capital Holdings Inc.’s first semester consolidated net income declined 17 percent year on year to P13.8 billion from P16.58 billion a year earlier.
“The decrease was principally due to the absence of significant property sales realized by the parent company and Federal Land in 2023, offset by the 8-percent growth in revenue from automotive operations and 4-percent growth in equity in net income of associates and joint ventures,” GT Capital said in its quarterly report on August 14.
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