Published May 20, 2021, 3:24 PM Alliance Global Group, Inc. (AGI) registered a 20 percent drop in net profit to P3.2 billion in the first quarter of 2021 from the P4 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its profits declined as the global pandemic continues to impact the domestic economy brought about by quarantine restrictions. Attributable net income was 13 percent lower at P2.6 billion in the first quarter of the year from P3.0 billion in the same period of 2020. Consolidated revenues declined 16 percent to P31.8 billion in the first three months of 2021 from last P38 billion in the comparative period last year.