January 3, 2025 | 12:00am
MANILA, Philippines — LT Group Inc. of taipan Lucio Tan is starting the year with optimism following another strong performance in 2024.
LT Group president Lucio Tan III said in 2024, the collective efforts of the group continued to build on the solid foundation of its performance the previous year.
“Despite the challenges of an ever evolving business landscape, our unified commitment to excellence and innovation has enabled us to maintain strong momentum across our diverse operations,” he said.
Tan attributed last year’s remarkable results to the strength of the group’s shared vision as well as the resilience of its teams.
“It reflects our ability to adapt, innovate and seize opportunities, all while staying true to our core values,” he said.
Tan is confident that LT Group’s momentum would propel the company to even greater achievements.
“We remain optimistic about the future,” he said.
“Together, we will continue to build a stronger, more connected LT group, delivering meaningful impact to the communities we serve and creating lasting value for our stakeholders. Let us move forward into 2025 with optimism, unity and shared commitment to success,” Tan said.
From January to September last year, LT Group posted higher earnings as improvement in the operating results of most business units offset the slowdown in the tobacco segment.
Net income attributable to equity holders for the period reached P19.82 billion, three percent higher than the previous year’s P19.25 billion.
Improved revenues from the banking, distilled, beverage and property development segments buoyed revenues by 12.8 percent year-on-year to P95.16 billion.
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