For the third quarter alone, net income rose to P6.2 billion from P6 billion a year earlier while revenues reached P54.1 billion from P51.3 billion. Tan noted that the growth was achieved despite challenges brought about by generally elevated inflation and a weaker global economy. By segment, township developer Megaworld grew its net income by 14 percent in the first nine months to P13.7 billion from P12 billion a year ago, boosted by stronger real estate sales. AdvertisementIn the liquor business, consolidated revenues of the Emperador brand fell to P43.2 billion from P47.1 billion, attributed to weaker demand in key markets such as Spain, Mexico and the Philippines. AdvertisementAlliance Global shares were up 27 centavos, or 3.1 percent, at P8.97 each on Friday amid a 1.82-percent advance for the benchmark Philippine Stock Exchange index.

Source: Manila Times November 15, 2024 16:31 UTC