Quarter-on-quarter, the liquor company’s income jumped by 36 percent to P2.5 billion, while consolidated revenues grew by 19 percent to P12.9 billion. The domestic market has also experienced robust liquor sales, amid pent-up demand following the community quarantines,” AGI said in the disclosure. Gross revenues contracted by 55 percent to P11.5 billion year-on-year while gross gaming revenues fell to P9.3 billion. Its sales revenues declined by 39 percent to P14.2 billion as system-wide sales settled at P24.2 billion due to the lockdowns imposed in the second quarter. AGI shares climbed by 17 centavos or 1.94 percent to finish at P8.92 each on Friday.

Source: Manila Times November 13, 2020 16:52 UTC