1 month Ayala Corp. income reaches P56B in H1 Manilatimes |Biz
LISTED Ayala Corp.’s consolidated net income more than doubled to P56.14 billion in the first half of 2019 from P27.64 billion in the same period last year on the back of the robust performance of its major businesses. In a statement on Tuesday, Ayala President and Chief Operating Officer Fernando Zobel de Ayala said the “first-half results reflect the strength of our core holdings in real estate, banking and telecommunications.” The conglomerate’s property arm, Ayala Land Inc., saw its net income grow by 12 percent to P15.2 billion on increased revenues from commercial leasing and sales of offices, commercial and ... more