AGI 9-mth profit slips 12% to P15.2B

income drop 12 percent to P15.2 billion from the P17.3 billion registered in the same period last year as the weaker performance of its liquor and integrated resorts op

- nesses posted a mixed outcome during the nine- month period, with its real estate operations and quick service restaurants recording very strong earnings, thereby mitigating the weaker performance of its liquor and integrated resorts - ment over the weekend.

Combined revenues reached P100.3 billion, down 4.9 percent from P105.47 billion last year.

Net income attributable to shareholders stood at P10.2 billion or 8 percent lower than the P11 billion posted a year ago.

required the company to remain optimistic in the future.

“The various initiatives we have undertaken and continue to pursue across all business segments are already poised for takeoff. We are therefore excited about the coming year which is even now presenting outstanding opportunities,” he said.

Real estate unit Megaworld Corp. registered a 12 percent to P10.3 billion from P9.27 billion last year.

Emperador, Inc. recorded a P4.4 months helped by a healthy 18 third quarter. In the third quarter alone, Emperador netted P1.7 billion on the back of higher revenues totaling P9.5 billion.

Travellers International Hotel owns Resorts World Manila, still recorded a net loss of P36.8 with earnings still pressured by the June shooting incident at the casino. Third quarter losses reached P409 million.

- velopment Corp., which holds the exclusive franchise of the Philippines, reported net income of P977 million, up 19 percent from a year ago.

“In the end, we believe our hard work will soon harvest its fruits as we enter a period of generally faster growth. We are very optimistic about next year’s growth opportunities across our businesses,” Sian said.

- nate Andrew Tan.