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Tobacco unit pinches LT Group bottom line

By Inquirer - 3 months ago
The six-month profit of LT Group Inc., the listed holding company led by taipan Lucio Tan, flatlined on lower returns from its tobacco business, which was hit by the proliferation of vaping products and illicit trade. LT Group on Tuesday said earnings during the January to June period ended at P12.8 billion, down 2 percent.

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