MANILA, Philippines – Alliance Global Incorporated (PSE:AGI), the investment company owned by tycoon Dr. Andrew L. Tan, records a net profit growth by seven percent this year at P17.3 billion.
The increase in revenues is due to cost efficiencies across the company’s core businesses. Better operating margins were also made while consolidated returns climbed by two percent at P101.6 billion. Common shareholders-driven net income rose by four percent at P11 billion against last year record.
The third quarter income of the company increased to P6 billion, which is a 26 percent increase. The record is also the strongest quarterly performance since 2013’s second quarter boost. Consolidated revenues in the same period totaled to P34.5 billion as brought by rental growth sustenance. Other contributors in the revenue swell are overseas liquor business growth, fast food chain healthy returns, and rebound of gaming profit.
The country’s premier developer of integrated urban townships, Megaworld, recently posted a 11 percent growth in net income from last year at P9.3 billion in nine months. The record is also driven by operating margins improvement. Megaworld’s consolidated profit climbed by five percent to P35.3 billion. This is corroborated by 15 percent income growth in its office and commercial rentals.
By the year end, the management is anticipated to expand its office gross leasable area to around 851,000 square meters, which will keep its lead in the country’s network of office space lessors.
Emperador, the world’s largest brandy company, registered a five percent income growth at P4.9 billion due to its operating efficiencies. The consolidated revenues reached P27.9 billion.
Travellers, on the other hand, had a P3 billion nine-month profit. The five percent growth at P20.8 billion is paired with P4.9 billion earnings before interest, tax, depreciation and amortization (EBITDA).
Golden Arches, McDonald’s brand operator, also reported a net income increase by 57 percent to P819 million during the nine-month period of 2016.
Here’s some additional information about AGI.
Top 10 Players’ Sentiment
Participants with a 100% Buying and Selling Activity from Nov-02-2016 to Nov-14-2016 at 03:30PM:
- 38 out of 95 participants or 40.00% of all participants registered a 100% BUYING activity
- 2 out of 95 participants or 2.11% of all participants registered a 100% SELLING activity
- Top 10 Players’ Buying Average: 13.4848
- Top 10 Players’ Selling Average: 13.4579
30-day Foreign Fund Flow
On a 30-day trading period, AGI is on a Net Foreign Selling worth PHP918,716,216.00.
AGI has a low risk level based on our proprietary risk level indicator.
AGI remains very liquid as it continues to register a daily volume above its 30-day volume average.
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