ALLIANCE Global Group, Inc. (AGI) saw its nine-month net income drop 12 percent to P15.2 billion from the P17.3 billion registered in the same period last year as the weaker performance of its liquor and integrated resorts operations weighed on overall profits.
“The group’s diversified businesses posted a mixed outcome during the nine-month period, with its real estate operations and quick service restaurants recording very strong earnings, thereby mitigating the weaker performance of its liquor and integrated resorts operations,” AGI said in a statement over the weekend.
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