GT Capital nets P17.43B end of September

GT Capital Holdings Inc. (GTCAP) disclosed that its revenues for the nine months ending September 2022 went up by 44 percent to P179.50 billion from P125.50 billion in 2021.

Its consolidated net income grew by 59 percent to P17.43 billion in the first nine months of 2022 from P10.95 billion in the previous year. This strong growth was driven by net income contributions from its other businesses.

Metropolitan Bank and Trust Co. (Metrobank) saw its net income rise by 45 percent year on year to P23.85 billion in the nine months ending September 2022. Its revenues also increased by 8 percent to P82.22 billion in the same span as well.

Toyota Motor Philippines (TMP) booked consolidated revenues of P133.4 billion in the first nine months of 2022, a growth of 41 percent from the same period last year. Consolidated net income was flat at P4.4 billion.

GT Capital’s property subsidiary Federal Land Inc. (Federal Land) reported a consolidated net income of P4.2 billion in the first three quarters of this year, a substantial 365-percent increase from P900 million during the same period last year. The company also posted total revenues of P12.4 billion in the first three quarters of 2022, representing a 62-percent increase from P7.7 billion in 2021.

Metro Pacific Investments Corp. (Metro Pacific) reported a consolidated core net income of P11.8 billion for the January-September period of 2022, a post-pandemic high and up 25 percent from P9.5 billion a year earlier.

AXA Philippines’ consolidated life and general insurance gross premiums reached P22.5 billion in the first nine months of 2022 from P32.8 billion in the same period last year. The insurer’s consolidated net income amounted to P1.8 billion in January to September 2022, from P2.1 billion in the previous year.