Its full year net income attributable to shareholders rose 44 percent to P6.9 billion from a year ago, the company disclosed to the Philippine Stock Exchange on Monday. Earnings per share based on net income attributable to shareholders during the period increased by 44 percent to P0.71 per share.
Property arm Megaworld Corp. contributed 40 percent to AGI's net of minority interest while non-real estate businesses consisting of consumer food and beverage and integrated tourism projects accounted for 60 percent.
"We believe that all our business units will continue to sustain their strong growth momentum in 2011," said AGI chair tycoon Andrew Tan.
"We are ready to fast-track our real estate developments and capture new growth opportunities in the tourism sector, especially with our investment in Global-Estate Resorts. Both real estate development and integrated tourism will be our main drivers of long-term value creation that is sure to benefit our shareholders," Tan said.
Lastly, FYI for related information on the new real estate law, RA 9646, please proceed to www.RA9646.com, the online repository of updated information on Real Estate Service Act of 2009 (RESA).
source: Inquirer, April 18 2011
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