TYCOON Andrew Tan?s holding firm Alliance Global Group Inc. grew its nine-month consolidated net income by 16 percent to P4.7 billion from a year ago on higher profit from its property and consumer businesses.

Net income attributable to shareholders rose 28 percent to P3.2 billion, fueled by a 7-percent growth in consolidated revenues during the nine-month period to P25.6 billion.

Flagship Megaworld Corp. accounted for half of the business generated during the period.

The property developer separately announced yesterday that fixed income exchange Philippine Dealing and Exchange Corp. has approved the listing of its P5 billion in fixed-rate bonds due 2015 this Nov. 25.

?The listing of the bonds will widen the reach of price discovery and transparency for the issuance and enable participation in the issue across all markets on PDEx,? Megaworld said in its disclosure.

Meanwhile, 45 percent of Alliance Global?s business came from the consumer units, primarily through Emperador Distillers and Golden Arches Development Corp., the master franchise holder of global fastfood giant McDonald?s in the Philippines.

The balance of 5 percent of revenues came primarily from finance and other income, which rose to P2.05 billion from P1.75 billion a year ago.

Alliance Global?s cash flow as measured by earnings before interest, taxes, depreciation and amortization (Ebitda) in the first nine months amounted to P7.6 billion, up from P6.2 billion a year ago. Doris C. Dumlao