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LT Group Inc. registered a 63-percent decline in profit in the first half of the year to P3.72 billion from P10.03 billion last year due to the higher provisioning for credit losses booked by its banking subsidiary and the elimination of the gain from the transfer of real estate assets at the consolidated level.
It did provide its topline comparative figures.
The group said its tobacco business accounted for P8.97 billion of its total attributable income. Tanduay Distillers Inc. added P602 million; Asia Brewery Inc., P343 million and Eton Properties Philippines Inc., P287 million.
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Its 30.9- percent stake in Victorias Milling Company Inc. added P169 million.
