LT Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022 at 04:45 am EDT
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LT Group, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was PHP 10,376.72 million compared to PHP 9,258.07 million a year ago. Revenue was PHP 22,108.49 million compared to PHP 22,092.79 million a year ago. Net income was PHP 6,526.03 million compared to PHP 6,486.52 million a year ago. Basic earnings per share was PHP 0.6 compared to PHP 0.6 a year ago. Diluted earnings per share was PHP 0.6 compared to PHP 0.6 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. 
