Alliance Global Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 14, 2023 at 07:24 pm EST
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Alliance Global Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was PHP 51,329.48 million compared to PHP 45,819.02 million a year ago. Net income was PHP 3,688.5 million compared to PHP 3,682.29 million a year ago. Basic earnings per share from continuing operations was PHP 0.4153 compared to PHP 0.3969 a year ago. Diluted earnings per share from continuing operations was PHP 0.4153 compared to PHP 0.3969 a year ago.
For the nine months, revenue was PHP 150,422.84 million compared to PHP 128,382.97 million a year ago. Net income was PHP 12,934.1 million compared to PHP 11,917.97 million a year ago. Basic earnings per share from continuing operations was PHP 1.4562 compared to PHP 1.2847 a year ago. Diluted earnings per share from continuing operations was PHP 1.4562 compared to PHP 1.2847 a year ago.
Alliance Global Group, Inc. is a Philippines-based company, which has diversified investment holdings in food and beverage, real estate, tourism-entertainment and gaming, and quick-service restaurant businesses. Its subsidiaries include Megaworld, Emperador Inc., Travellers International, Golden Arches Development Corporation (GADC) and Infracorp. It has four segments. The Megaworld segment consists of development of real estate, integrated resorts, leasing of properties and hotel operations business. The Emperador segment refers to the manufacture and distribution of distilled spirits, including the production of glass containers. The Travellers segment relates to tourism-oriented business that integrates entertainment, hospitality and leisure, including gaming, as that of Resorts World Manila. The GADC segment is involved in the operations of McDonaldâs restaurants in the Philippines in accordance with the franchise agreement between GADC and McDonaldâs Corporation, United States.