LT Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 04:01 am EDT
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LT Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was PHP 11,561.74 million compared to PHP 11,838.56 million a year ago. Revenue was PHP 27,961.64 million compared to PHP 23,652.15 million a year ago. Net income was PHP 6,620.38 million compared to PHP 8,874.81 million a year ago. Basic earnings per share from continuing operations was PHP 0.61 compared to PHP 0.82 a year ago. Diluted earnings per share from continuing operations was PHP 0.61 compared to PHP 0.82 a year ago.
For the six months, sales was PHP 21,952.48 million compared to PHP 22,215.29 million a year ago. Revenue was PHP 53,998.01 million compared to PHP 45,760.63 million a year ago. Net income was PHP 13,000.77 million compared to PHP 15,400.84 million a year ago. Basic earnings per share from continuing operations was PHP 1.2 compared to PHP 1.42 a year ago. Diluted earnings per share from continuing operations was PHP 1.2 compared to PHP 1.42 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. 
