Tan-led Alliance Global earns P20.8-B in 2012, up 41%

MANILA, Philippines – The year 2012 was a record for Alliance Global Group, Inc., the listed holding firm of tycoon Andrew Tan.

In a disclosure on Thursday, March 14, Alliance Global said it posted a net income of P20.8 billion in 2012, up 41% from P14.7 billion in 2011 as core businesses delivered stellar performance.

“This is the first time we have breached the P20 billion net profit level. It only highlights the underlying strength of our various businesses, from consumer and property to BPO and Tourism, all growth drivers of the Philippine economy,” said Tan, Alliance Global chairman, in a statement.

Core net income also increased to P13.6 billion in 2012, up 60% from P8.5 billion in the previous year.

Below is a highlight of the financial performance of the different business units in 2012 and the plans this 2013

Megaworld Corp. (real estate)

• Net income reached P7.3 billion, up 21% from P6 billion a year ago
• Reservation sales stood at P63 billion from over 12,000 residential units
• Rental income hit P5 billion, a 31% increase from P3.8 billion a year ago
• “We are optimistic about the property sector, and we expect sustained growth momentum in our two main business segments, which are residential and BPO office developments”, said Tan.

Emperador (liquor)

• Net income more than doubled to P5 billion from P2.3 billion a year ago. Higher sales of brandy contributed the most. Over 31 million cases of brandy products were sold, mostly under the product, Emperador Light

Travellers International Hotel Group (casino, entertainment)

• Net income hit a record P6.73 billion, up 39% from P4.84 billion a year ago
• Travellers operates Resorts World Manila, the first and largest integrated tourism development in the country. The 3rd phase of Resorts World’s development is set in the 2nd quarter 2013, when it launches two new hotels, under the Sheraton and Hilton international brands, as well as the expansion of the existing Maxims and Marriott Hotels. The hotel room count of Resorts World Manila is expected to substantially increase to about 3,400 rooms from the existing 1,226 rooms within the next 5 years
• Development will also commence for the Resorts World Bayshore site in Entertainment City this 2013