In a statement on Monday, the company said consolidated revenues in the nine months were up 2 percent at P101.6 billion. For the third quarter alone, profit grew 26 percent from a year ago to P6 billion, while revenues reached P34.5 billion. Nine-month profit at Emperador went up by 5 percent to P4.9 billion on improved operating efficiencies, while its consolidated revenues hit P27.9 billion. AGI has a two-year capital spending program of P150 billion for 2016 and 2017 to fund expansion across its businesses. AGI is the umbrella conglomerate of tycoon Andrew Tan which is listed on the Philippine Stock Exchange.

Source: Manila Times November 14, 2016 16:46 UTC