Real estate giant Ayala Land Inc. registered a 34 percent growth in net incometo P8.1 billion in the first half of the year due to the improved operations of its various business segments.
“We look forward to sustaining our recovery for the rest of the year, anchored on the country’s stable fundamentals and new socio-economic agenda,” Dy added. Office-for-sale revenues were 28 percent lower at P1.5 billion due to limited inventory. Meanwhile, revenues from commercial lots more than doubled at 166 percent to P5.3 billion on strong demand at Arca South, Nuvali, and Vermosa.
Commercial leasing generated revenues of P14.6 billion, a 54 percent recovery from a year ago, driven by higher mobility. ALI posted P8.1 billion in the second quarter, up 87 percent from the same period last year and 26 percent higher than the previous quarter.
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