Megaworld's Php 9.4 billion earnings in 2014 contributed to AGI's 8% income increase.
Andrew Tan-led conglomerate for property development, food and beverage manufacture and distribution Alliance Global Group, Inc. (AGI) recently reported a net income of Php 21 billion in 2014, an 8% increase from 2013. According to the company, the record number was the result of reaching consolidated revenues of Php 125 billion.
“We feel elated and excited about our performance. The consistent robust performance of our group is underpinned by our commitment to focus on what we do best. Yes, we are always open to opportunities but our core businesses are borne out of passion, creativity, and innovation," AGI president and chief operating officer Kingson U. Sian said.
During 2014, AGI announced strong numbers for its property brand: real estate giant Megaworld Corporation reported a net income of Php 9.4 billion.
"Megaworld is the pioneer in live-work-play-learn township developments and remains unmatched in this area," Sian noted
"We are proud to say that we are game changers and brand builders. And we will constantly strive to raise the bar,” he added.