LT Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 04:51 am EDT
Share
LT Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was PHP 11,838.56 million compared to PHP 9,894.3 million a year ago. Revenue was PHP 23,652.15 million compared to PHP 22,047.94 million a year ago. Net income was PHP 8,874.81 million compared to net loss of PHP 2,756.65 million a year ago. Basic earnings per share was PHP 0.82 compared to basic loss per share of PHP 0.25 a year ago. Diluted earnings per share was PHP 0.82 compared to diluted loss per share of PHP 0.25 a year ago.
For the six months, sales was PHP 22,215.29 million compared to PHP 19,152.37 million a year ago. Revenue was PHP 45,760.63 million compared to PHP 44,140.73 million a year ago. Net income was PHP 15,400.84 million compared to PHP 3,729.87 million a year ago. Basic earnings per share was PHP 1.42 compared to PHP 0.34 a year ago. Diluted earnings per share was PHP 1.42 compared to PHP 0.34 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.
LT GROUP, INC. 
