Property developer Ayala Land Inc. (ALI) on Tuesday said its attributable income in January to September went up by more than 50 percent to P13.34 billion from last year’s P8.58 billion as business and consumer activity accelerated. Know more:
Property developer Ayala Land Inc. on Tuesday said its attributable income in January to September went up by more than 50 percent to P13.34 billion from last year’s P8.58 billion as business and consumer activity accelerated.
“The acceleration in business and consumer activity during the period enabled us to generate significant earnings growth,” Ayala Land President and CEO Bernard Vincent O. Dy said. For the nine months, revenues from commercial lots jumped by 82 percent to P7.5 billion due to strong investor demand at Nuvali, Arca South and South Coast City estates, while residential revenues improved by 2 percent to P45.6 billion.
The projects that were most sought after during the period were Ayala Land Premier’s Ciela at Aera Heights in Carmona, Cavite, and the Parklinks North Tower in Quezon City, Amaia’s Skies Cubao Tower 3 in Quezon City, and Avida’s Serin East Tower 4 in Tagaytay City.
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