Alliance Global net income rises to P25B

By Ed Paolo Salting

Apr 14, 2023 12:20 am

HOLDING firm Alliance Global Group Inc. on Thursday reported netting P25.2 billion last year, an increase of 6 percent from 2021, despite increased inflationary pressures, higher raw materials costs and ongoing distribution bottlenecks.

Attributable net profit amounted to P16.1 billion while consolidated revenues surged to a record level of P183.60 billion, the company said, reflecting a robust 20-percent growth from P152.80 billion in 2021.

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