March 21, 2013

GT Capital Net Income Up 97%

In a PSE disclosure, GT Capital Holdings Inc. (GTCAP) reported that its net income for 2012 grew 97% YOY to P6.5 billion. Excluding extraordinary items, the company's core net income grew 63% to P54 billion.

Consolidated revenues grew 189% to P23 billion due to strong contributions from its associates and the consolidation of Global Business Power Corp. (GBPC)

Metrobank registered a 40% growth to a total of P15.4 billion in its consolidated net income. Toyota Motors Philippines Corp. has grown its net income by 37% (P3 billion).

Excluding extraordinary items, GBPC's net income has grown 64% to a total of P2.6 billion. Federal Land Inc.'s consolidated net income surged 235% to a total of P2 billion. Philippine AXA Life Insurance Corp. registered a net income of P915 million.