AYALA CORP. (AC) saw a 7% increase in its earnings in the third quarter, driven by the sustained contributions of its banking and power units. AC said in a statement yesterday its net profit in the July to September period stood at P8.3 billion, bringing the nine-month attributable net income to P46.16 billion, almost double from P23.86 billion last year. Consolidated revenues in the nine mo...
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AYALA Corp. said its net income almost doubled during the nine months of the year to reach P46.2 billion from last year’s P23.86 billion, lifted by the solid contribution of its banking, telecommunications, real estate and power units. Equity earnings from Ayala’s business units grew 77 percent to P51.9 billion, boosted by contributions coming from the Bank of the Philippine Islands...
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AYALA Land Inc. (ALI) on Tuesday said it is investing some P18 billion to transform a 290-hectare property, a former sugar mill in Tarlac into an integrated mixed-use estate that will function as a progressive new downtown. The estate, which it called Cresendo, will feature components, such as an industrial park, a residential and commercial areas. The property used to be part of the sugar mill...
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Even in developed, densely populated areas, there is still room for change. And Ayala Land Inc. is making a showcase for such a refreshing possibility with its latest pocket urban development in Quezon City, where it is poised to offer a breath of fresh air, ease congestion in this urban location, and bring its signature expertise in developing masterplanned, sustainable communities. Rising...
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Ayala Land, the country’s prime developer of sustainable estates, is currently developing a part of the old Food Terminal Incorporated (FTI) complex located along the East Service road of the South Luzon Expressway into a 74-hectare large-scale, master-planned, mixed-use premiere estate called ARCA South. This is after its successful transformation of a military training base headquarters in...
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AYALA LAND, Inc. (ALI) may postpone its real estate investment trust (REIT) offering to next year, as it waits for the final guidelines to be released by the Securities and Exchange Commission (SEC). “If we can get it this year, or early next year, we’ll just adhere to the SEC timeline, which is really now about the release of the new guidelines,” ALI Chief Finance Officer Aug...
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