August 13, 2013

GT Capital profit soars 51% to P6.1B in H1

GT Capital Holdings Inc.’s earnings in the January to June period surged 51% to P6.1 B from P4 B a year ago, driven by the consolidation of Toyota Motor Philippines.

Metrobank’s consolidated net income more than doubled to P18.1  B from P7.4 B in the same period last year. Metrobank’s loans rose 16% to P545.8 B on higher credit demand from all sectors.

Toyota Motor Philippines, for its part, said its net income rose 47% to P2.3 B from P1.6 Blast year. Federal Land’s core net income expanded 52% to P453.3 M while real estate revenues more than doubled to P2.5 B from P1.2 B.

AXA Philippines’ income surged 165% to P851.1 M Power producer GBPC’s earnings slipped 15% to P1.1 B from P1.3 B last year. The decline resulted from lower peak power consumption due to the cooler climate that prevailed during the earlier months of 2013, in turn leading to soft Wholesale Electricity Spot Market prices. - WealthSec