EXCERPT

In a disclosure to the Philippine Stock Exchange on Wednesday, AGI reported a net income of P5.4 billion, up 67% from P3.2 billion a year earlier.

Consolidated revenues rose by 18% to P37.5 billion from P31.8 billion in the same period in 2021.

“AGI continued with its impressive growth momentum in the first quarter of the year as the overall improvement in mobility has allowed all our businesses to perform further closer to pre-pandemic levels – boosting revenues of our lifestyle malls, hotels and our quick service restaurants.  This upturn is reflective of the underlying strength in the domestic economy, just waiting to be unleashed,” said Kevin Tan, chief executive officer of AGI.

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