Business
GT Capital posts P16.4 billion net income in H1
GT Capital Holdings Inc., a diversified Philippine conglomerate, reported an 11% decline in consolidated net income to P16.41 billion in the first half, mirroring a general slowdown in economic activity, primarily due to weaker performance in its automotive sector.
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Philippine conglomerate GT Capital Holdings reported an 11% year-on-year drop in net income to P16.4 billion for the first half of 2026, citing a slowdown in economic activity. High inflation and weaker consumer confidence impacted its core businesses.