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AGI earns P3.2 billion in Q1 on strong liquor sales – Manila Bulletin


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.  ....

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AGI posts P10.3B net income in 2020, found recovery in Q4


SunStar
+
May 11, 2021
ANDREW Tan-led Alliance Global Group Inc. (AGI) has posted a net income of P10.3 billion in 2020, a 62 percent drop from its P27.1 billion net income in 2019.
Consolidated revenues were also down by 28 percent to P129 billion from the previous year’s P180 billion, while net income to owners stood at P8.8 billion.
However, double-digit recovery was achieved by its core businesses in the fourth quarter of 2020 as the government eased quarantine restrictions toward the long holiday season.
Liquor sales of Emperador grew 42 percent during the fourth quarter compared to the previous quarter; sales of McDonald’s Philippines also jumped 36 percent quarter-on-quarter; gaming revenues of Resorts World Manila also grew 33 percent; and real estate sales of Megaworld was up 22 percent in the last quarter compared to the third quarter. ....

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BusinessWorld Insights: Inspiring Courage: Leading during Uncertain Times


BusinessWorld
January 20, 2021 | 9:10 am
According to Bain & Company, the coronavirus disease (COVID-19) pandemic has forced senior managers to change their routines and flex new leadership muscles.
Join BusinessWorld Insights with the topic, “Inspiring Courage: Leading during Uncertain Times”, with speakers KPMG in the Philippines Vice-Chair, COO and Head of Advisory Atty. Emmanuel Bonoan, SM Supermalls President Steven Tan, Golden Arches Development Corporation President and CEO Kenneth Yang; and moderator BusinessWorld Editor-in-Chief Wilfredo Reyes as they discuss the values and strategies that must be put forward by executive leaders during times of adversity.
#BUSINESSWORLDINSIGHTS​ Leadership Series is presented by InLife; with the support of Management Association of the Philippines, British Chamber of Commerce of the Philippines, Bank Marketing Association of the Philippines, Philippine Chamber of Commerce and Industry, and The Phili ....

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