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GTCAP sets 2015 capex at PHP 50-billion

12 Jan

BY ANGPING & ASSOCIATES SECURITIES

GT Capital Holdings, Inc. (GTCAP) President Carmelo Bautista said that while the budget is not yet finalized, it will be more of the same level as last year.

Bulk of the profit will be used to boost profit without acquiring another company.

Fundraising activities for the year will be tackled once the capex is finalized.

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GTCAP’s 2014 profit was lifted by it strong sales of Toyota vehicles. 9M vehicle sales reached 76k units, up 43% yoy.

Mr. Bautista expects auto consumption will still grow this year but not as strong as last year.

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Posted by on January 12, 2015 in Corporate News, GTCAP, Stock Market

 

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