Quantcast

AGI grows net profit by P8.26B in 1H

By |



Andrew Tan. INQUIRER FILE PHOTO

MANILA, Philippines — Alliance Global Group Inc. grew its six-month net profit by 44 percent year-on-year to P8.26 billion as its property development, liquor, integrated tourism and fast-food operations all delivered double-digit earnings growth.

“All our major businesses continue to perform well within our expectations. We are confident that we can sustain our robust growth for the rest of the year,” said Andrew Tan, AGI chairman.

Megaworld Corp. contributed around 35 percent of AGI’s net income and about 28 percent to group-wide revenue. Its net profit amounted to P4.25 billion in the first half, 15 percent higher year-on-year.

Beverage arm Emperador Distillers posted a 35 percent year-on-year jump in first semester net profit to P3.17 billion.

Leisure estate and gaming unit Travellers International Hotel Group, operator of Resorts World Manila, posted a 25 percent growth in six-month net profit to P2.31 billion.

Global-Estate Resorts Inc. and Golden Arches Development Corp., also delivered double-digit bottomline growth rates of 25 percent and 47 percent, respectively, in the first six months versus the same period last year.


Follow Us






Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

  • arao_liwanag

    ang sweldo ng empleyado. Ang minimun wage na si abnoy mismo ang tumututol.

  • Pinsan_ni_Mang_Kanor

    Taasan naman sana dividends, kuripot eh



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
Advertisement
Marketplace