CONGLOMERATE LT Group Inc. grew its net profit last year by 50 percent to P6.6 billion on higher earnings from its banking, tobacco and hard liquor businesses.
Banking arm Philippine National Bank (PNB) contributed P3.51 billion or 53 percent of total income. Beer unit Asia Brewery Inc. had a share of P1.1 billion or 17 percent while the tobacco business contributed P1.04 billion or 16 percent.
Hard liquor unit Tanduay Distillers Inc. (TDI) accounted for P422 million or 6 percent while property arm Eton Properties added P312 million or 5 percent.
