LT Group 2014 profit down by nearly 50% to P4.2B

MANILA, Philippines–Tycoon Lucio Tan-led conglomerate LT Group Inc. posted a net profit of P4.2 billion last year, about half the level registered in the previous year, as cutthroat competition gnawed on the earnings of its tobacco business. In a statement, LTG reported that 52 percent of attributable profit for the year or P2.4 billion was […]