LT Group posts higher Q1 profit on banking, tobacco gains

MANILA, Philippines – LT Group Inc. (LTG) posted a 3-percent increase in first-quarter net income driven mainly by stronger earnings from its banking, tobacco and liquor businesses. The Lucio Tan-led conglomerate said on Tuesday attributable net income reached P7.49 billion in the first quarter, up from P7.24 billion a year earlier. READ: PNB lending boosts profit