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Alliance Global rakes in P14.2-B for 1st half

CONGLOMERATE Alliance Global Group Inc. (AGI) said Monday its net income reached P14.2 billion in the first half, up 19 percent from P12 billion a year earlier, as improved customer mobility and higher discretionary spending boosted revenues.

The Andrew Tan-led company said consolidated revenues expanded by 20 percent to P99.1 billion from P82.6 billion a year earlier, while attributable profit climbed 12 percent to P9.2 billion from P8.2 billion.