Alliance Global income up 173%

alliance global income up 173

Sumary of Alliance Global income up 173%:

  • Andrew Tan’s Alliance Global Group Inc. (AGI) almost tripled its net profit in the first three quarters of the year.
  • The surge in income was attributed to the company’s “diversified operations, strong brand equity and ongoing cost management efforts.
  • Alliance Global’s consolidated revenues, meanwhile, climbed 20 percent to P110 billion during the period from P91.8 billion in the previous year.
  • “AGI delivered these strong results even amid the health crisis while tapping on its internal strengths—its differentiated products and services, extensive distribution network, diversified operations, massive landbank and healthy balance sheet,” Alliance Global Chief Executive Officer Kevin Tan said in the disclosure.
  • } Alliance Global’s listed property subsidiary, Megaworld Corp.
  • Alliance Global said the amount included a P5.6-billion one-time gain from services rendered by its subsidiary to its Westside City project.

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