GT Capital Q1 income surges 60% to P4.1B
Ty family-led conglomerate GT Capital Holdings’ first quarter net profit surged by 60 percent year-on-year to as earnings contribution from its banking and automotive businesses rebounded. Excluding nonrecurring items, core net income rose by 19 percent year-on-year to P3.4 billion, GT Capital disclosed to the Philippine Stock Exchange on Tuesday. Automotive arm Toyota Motor Philippines…