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Lucio Tan-led conglomerate LT Group Inc. said it was weighed down by the weakness of its banking, tobacco, property and liquor businesses in the first quarter as its net income sank 61 percent to P1.61 billion from P4.14 billion in the same period last year.

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                    [Title] => LT Group profit plunges 32% to P8.66 B in 2013
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Lower income from the tobacco and rum businesses dragged down profits of tycoon Lucio Tan’s investment firm last year.

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Cigarette manufactuer Philip Morris Fortune Tobacco Corp. Inc (PMFTC) will have a new president beginning May 1.

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FORTUNE AND CHAMPION

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abtest

LT Group banks on other units for growth

By Neil Jerome C. Morales | June 10, 2014 - 12:00am

LT Group Inc., the investment holding firm of tycoon Lucio Tan, remains wary of the illicit cigarette trade that cut into its market share but other operating units are poised for growth amid a strong economy company...

Business

LT Group profit tumbles 61%

By Neil Jerome C. Morales | May 17, 2014 - 12:00am

Lucio Tan-led conglomerate LT Group Inc. said it was weighed down by the weakness of its banking, tobacco, property and liquor businesses in the first quarter as its net income sank 61 percent to P1.61 billion from...

Business

LT Group profit plunges 32% to P8.66 B in 2013

By Neil Jerome C. Morales | March 22, 2014 - 12:00am

Lower income from the tobacco and rum businesses dragged down profits of tycoon Lucio Tan’s investment firm last year.

Business

LT Group boosts commitment to tobacco, banking sectors

By Neil Jerome C. Morales | December 12, 2013 - 12:00am

The investment holding firm of tycoon Lucio Tan has strengthened its commitment in the tobacco and banking sectors.

Business

PMFTC gets new president

April 25, 2013 - 12:00am

Cigarette manufactuer Philip Morris Fortune Tobacco Corp. Inc (PMFTC) will have a new president beginning May 1.

Business

PMFTC says no price increase yet

By Iris Gonzales | January 5, 2013 - 12:00am

PMFTC, the merged entity of Philip Morris and Fortune Tobacco Corp., said that it has not raised the prices of its cigarette products.

Business