Alliance Global Group, Inc. (AGI), the investment arm of tycoon Andrew Tan, more than doubled its net income to P23.8 billion last year from the P10.26 billion posted in 2020.
Alliance Global Group, Inc. , the investment arm of tycoon Andrew Tan, more than doubled its net income to P23.8 billion last year from the P10.26 billion posted in 2020.
“Despite the overall challenging business environment, AGI has delivered a sterling performance in 2021,” said AGI Chief Executive Officer Kevin L. Tan. During the year, AGI achieved milestones such as the P15.3 billion initial public offering of Megaworld’s real estate investment trust while Emperador has made further headways in the international market and is now looking forward to a possible dual listing with the Singapore Stock Exchange.In 2021, Megaworld, registered a 36 percent year-on-year increase in attributable net income to P13.4 billion as consolidated revenues rose by 25 percent to P50.6 billion.
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