Alliance Global Group, Inc. (AGI) generated a net income of P21.6 billion last year, reflecting a 3.5% increase over 2014, on a recurring basis. This record-breaking income was achieved on consolidated revenues of P139 billion, also a record level for the Andrew Tan-led conglomerate, which is engaged in property development, food and beverage manufacture and distribution, quick-service restaurants and integrated tourism development businesses. Revenue growth was around 11%.
“Our performance remains strong amid challenges that we face. It’s actually an opportunity for us to thrive even more. We simply focus on what we do best and we are very passionate about what we do best,” said Kingson U. Sian, president and chief operating officer, AGI.
Driven by AGI’s majority-owned companies – Emperador Inc., Megaworld Corporation, Travellers International Hotel Group, Inc., and Golden Arches Development Corp. (GADC) – net income attributable to AGI shareholders reached almost P14 billion last year, up by 7% on a recurring basis.
On a standalone basis, the individual companies of AGI all delivered strong earnings last year. Megaworld reported a net income of P10.4 billion: up almost 10% year- on-year. Emperador delivered nearly P7 billion in earnings: up 12% year-on-year. Travellers’s profitability remained intact with P4 billion net income. GADC posted a net income of P760 million in 2015.
Sian added, “Our group has competitive edge that’s difficult to match. Megaworld’s live-work-play-learn township all over the Philippines is sought after that’s underpinned by a huge land bank. Emperador Inc. is no longer just a domestic play but a global one given a much bigger and diversified product portfolio that now includes Fundador brandy and single malt whisky products, The Dalmore and Jura. We are also in the best position to capitalize on premiumization opportunities in the Philippines. Travellers International remains to be the country’s most profitable tourism-entertainment and gaming company that has the strongest non-gaming component in the country. GADC, which holds the exclusive right to operate restaurants in the Philippines under the “McDonald’s” brand, is looking at 500 branches by the end of this year.”