AGI nets P13 B from Jan to Sept
The Philippine Star|November 16, 2024
Alliance Global Group Inc. (AGI) of tycoon Andrew Tan posted flat earnings in the nine months ending September, while revenues expanded on the back of resilient performance across its diverse business segments.
- Richmond Mercurio

AGI's attributable net profit from January to September was almost unchanged at P12.97 billion from P12.93 billion in the same period in 2023.

Net income dipped slightly by 0.5 percent to P20.05 billion from last year's P20.14 billion.

Revenues of the conglomerate grew by 7.4 percent to P161.6 billion from P150.4 billion as a result of double-digit growth from real estate sales, hotel and quick-service restaurant operations.

During the third quarter alone, attributable profit rose by 14 percent year-on-year to P4.2 billion as revenues reached P54.1 billion.

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