Alliance Global Group Inc., the listed holding company of tycoon Andrew Tan, said Thursday attributable net income increased 7 percent in the first nine months to P12.8 billion from P12 billion a year ago, lifted by higher earnings in real estate, liquor and quick service restaurant units.
It said excluding non-recurring gains, core attributable profit grew 11 percent to P12.7 billion from P11.4 billion a year earlier.
Nine-month consolidated revenues rose 17 percent to P127 billion from P108.8 billion, reflecting an accelerated growth pace from the first half.
“We continue to work hard to deliver the strong performance across all our business segments,” AGI chief executive Kevin Tan said.
“We undertake product innovations, capacity expansions and even pursue digital transformations in order to further strengthen our diversified portfolio in this fast-changing market. We believe these deliberate strategies will soon bear fruit, allowing our Group to show accelerated growth in future earnings,” Tan said.
