AGI’s 2018 profit hits record high of P24B
Andrew Tan’s conglomerate sets aside P85-B for capital spending this year Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, reported a banner year in 2018 with consolidated net income amounting to P23.7-billion from its restated profit of P22.3-billion in 2017. The Group adopted the accounting changes under Philippine Financial Reporting Standards (PFRS) 15 for its 2018 financial statements, which resulted to previous year’s performance being restated for comparability.