AGI units drive group 1H income to P11.26B

The subsidiaries of Alliance Global Group Inc. (AGI) drove the listed conglomerate’s net income during the first half of the year to P11.3 billion, up 34 percent from the P8.4 billion it earned in the same period of 2012.

Also, consolidated revenues of the company grew to P61 billion in the first six months of 2013, a 19-percent increase from the P51.2 billion a year ago, while net income of AGI attributable to its shareholders reached P8.3 billion, up 44 percent from the P5.7 billion of the same period last year.