GT Capital profit falls 62%

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    GT Capital Holdings Inc. said profit for the first half of the year reached P2.74 billion, down 61.78 percent from P7.17 billion last year.

    Revenues hit P52.6 billion, down 47.76 percent from P100.7 billion in 2019.

    Core profit was down 54.92 percent drop to P3.2 billion from P7.1 billion last year.

    Metropolitan Bank & Trust Company posted profit of P9.1 billion, down 30 percent from last year’s P13 billion income due to provision against the negative impact of the new coronavirus disease 2019.

    Toyota Motor Philippines posted profit of P1 billion, down 77.42 percent from P4.43 billion in 2019 with sales of 35,648 units for the period, down from 73,454 units last year.

    Federal Land Inc., posted profit of P171 million, down from P404 million last year. Revenues were at P3 billion, down 37.5 percent from P4.8 billion in 2019.

    Metro Pacific Investments Corp. posted profit of P3 billion, down 62.96 percent from P8.1 billion a year ago. Topline was reported at P30.71 billion, down 16.93 percent from P36.97 billion.

    AXA Philippines posted profit of P1.5 billion, up 29 percent from P1.2 billion last year. Gross premiums was at P16.7 billion, 11 percent from P15 billion last year.