Malaya Business Insight
Alliance Global Group Inc. yesterday said profit for the first quarter reached P6.19 billion, 179 percent higher than the P2.22 billion in the same period last year.
Profit less minority interest reached P5.56 billion, more than triple the P1.65 billion a year ago.
Consolidated revenues reached P17.02 billion, 62 percent higher than the previous year’s P10.5 billion.
"Alliance Global is on a strong growth trajectory," said Dina Inting, Alliance Global chief finance officer.
The Andrew Tan-led company said growth was "on the back of strong operating results of food and beverage and real estate and income from acquisition of a new subsidiary."
Real estate unit Megaworld Corp. was a key driver of growth. It contributed about 33 percent to Alliance Global’s consolidated revenue of P17 billion.
Read here
Alliance Global Group Inc. yesterday said profit for the first quarter reached P6.19 billion, 179 percent higher than the P2.22 billion in the same period last year.
Profit less minority interest reached P5.56 billion, more than triple the P1.65 billion a year ago.
Consolidated revenues reached P17.02 billion, 62 percent higher than the previous year’s P10.5 billion.
"Alliance Global is on a strong growth trajectory," said Dina Inting, Alliance Global chief finance officer.
The Andrew Tan-led company said growth was "on the back of strong operating results of food and beverage and real estate and income from acquisition of a new subsidiary."
Real estate unit Megaworld Corp. was a key driver of growth. It contributed about 33 percent to Alliance Global’s consolidated revenue of P17 billion.
Read here
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