AGI nets P5.8B

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    Alliance Global Group Inc. (AGI) posted a nine-month profit of P5.8 billion this year, down 55 percent from P12.8 billion a year ago, as revenues declined 28 percent to P91.8 billion from P127 billion last year.

    The company noted improvements in the third quarter when it posted a profit of P2.2 billion over revenues of P30.4 billion.

    AGI has advanced the implementation of its digitalization strategy – through cashless and contactless transactions, E-concierge for its hotel operations, customer service, account management and efficient delivery applications – to hasten the pace of its transition to the new normal.