+ Follow J GALLO WINERY INC Tag
J GALLO WINERY INC
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[results] => Array
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[ArticleID] => 359003
[Title] => McDonald’s expansion to slow down AGI profit growth this year
[Summary] => Listed investment holding company Alliance Global Inc. (AGI) expects its net profit to grow by only five to seven percent this year as it continues to spend for the expansion of fastfood giant McDonald’s.
"We’re expecting a moderate growth of five to seven percent in net income this year. We are only expecting moderate growth because we are in the process of expanding businesses like McDonald’s," said AGI chairman George Yang.
Last year, AGI reported a net income attributable to shareholders of P1.61 million on revenues of P7.94 billion.
[DatePublished] => 2006-09-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 358213
[Title] => Alliance Global sets P500-M McDonald’s expansion
[Summary] => Alliance Global Group Inc. (AGI), an investment holding company owned by businessman George Yang, is setting aside P500 million this year for the continued local expansion of fastfood giant McDonald’s as well as for its real estate development projects.
Yang, chairman of AGI, said the group is setting up a total of 24 new McDonald’s outlets across the country this year, with each store costing P25 million each. Another 24 new branches are slated for construction in 2007.
As of end-August, 15 out of the programmed 24 new stores were already completed.
[DatePublished] => 2006-09-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 295751
[Title] => PSE fines Alliance Global for disclosure violation
[Summary] => The Philippine Stock Exchange (PSE) has slapped a P250,000 fine on Alliance Global Group Inc. (AGI) for failing to disclose the details of its recent acquisitions.
In a statement issued yesterday, PSE president Francis Lim said AGI failed to disclose necessary details on the acquisition of Golden Arches Development Corp., Golden Arches Realty Corp. and the total outstanding common shares of Y&M Development Corp. immediately upon execution of the memorandum of understanding by its board of directors in Dec. 2, 2004.
[DatePublished] => 2005-09-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 278906
[Title] => Alliance Global posts 27% profit hike on McDonald’s purchase
[Summary] => Alliance Global Group Inc., an investment holding company owned by businessman George Yang, reported a 27-percent growth in net profit in the first quarter this year to P128.25 million from only P101.11 million in the same period last year.
In a financial report filed with securities regulators, Alliance Global attributed the improved performance to higher revenues with its newly-acquired service restaurant, McDonald’s, contributing P10 million to the bottom line.
[DatePublished] => 2005-05-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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