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ALI earnings jump 38% in 9 months

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Ayala Land Inc. reported a  net income of P18.4 billion in the first nine months of the year, up 38 percent on higher revenues.

MANILA, Philippines — Ayala Land Inc. reported a net income of P18.4 billion in the first nine months of the year, up 38 percent on higher revenues.

“This positive trend, guided by our new focus on quality, people, sustainability, and growth, will enable us to strengthen our diversified portfolio and further enhance earnings,” she said. Residential revenues increased by four percent to P47.5 billion, while office-for-sale revenues registered a 31 percent growth from last year to P2.8 billion.

During the period, ALI launched five new projects worth P4.4 billion, namely: AyalaLand Premier’s Ayala Greenfield Estates Parkside Terraces Tranche 2, Andacillo Tranche 5, and Lanewood Hills Phase 3 Batch 3, Avida’s first mid-rise condominium offering in Nuvali, Solara Park Storeys, and Amaia’s Scapes Cabuyao Sector 4.GCash provides users more protection when sending moneySleep advocates Heart Evangelista, Saab Magalona, LA Aguinaldo share tips for resting on timeChina Banking Corp.

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