LT Group, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
March 17, 2023 at 03:39 am EDT
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LT Group, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported Net income was PHP 25,137.4 million compared to PHP 20,246.47 million a year ago. Basic earnings per share from continuing operations was PHP 2.32 compared to PHP 1.87 a year ago.
Diluted earnings per share from continuing operations was PHP 2.32 compared to PHP 1.87 a year ago. Basic earnings per share was PHP 2.32 compared to PHP 1.87 a year ago. Diluted earnings per share was PHP 2.32 compared to PHP 1.87 a year ago.
LT Group, Inc. is a Philippines-based holding company. The Company has a diversified portfolio of consumer-focused businesses. The Company operates through six segments. Banking segment provides a full range of banking and other financial services to corporate, middle-market and retail customers, the National Government (NG), local government units (LGUs) and government-owned and controlled corporations (GOCCs) and various government agencies. Distilled Spirits segment is involved in manufacturing, compounding, bottling, importing, buying and selling rum, spirit beverages, and liquor products. Beverage segment is engaged in brewing and soft drinks and bottled water manufacturing in the Philippines. Tobacco segment is a supplier and manufacturer of cigarettes, casings, tobacco, packaging, labels and filters. Property Development segment is engaged in ownership, development, leasing and management of residential properties. Others segment consist of various holding companies.