Manila Bulletin

ALI’s net in­come jumps 19% to

In 2016

- By JAMES A. LOY­OLA

Real es­tate gi­ant Ayala Land, Inc. (ALI) posted a 19 per­cent jump in net in­come to R20.9 bil­lion in 2016 on the back of a 16 per­cent growth in con­sol­i­dated rev­enues to R124.6 bil­lion.

In a dis­clo­sure to the Philip­pine Stock Ex­change, the firm said the higher rev­enues were due to the sta­ble growth of its prop­erty devel­op­ment busi­ness, bal­anced with the steady per­for­mance of its leas­ing port­fo­lio.

ALI Pres­i­dent Bernard Vincent O. Dy said “2016 marked an­other ban­ner year for Ayala Land. We achieved a higher level of prof­itabil­ity com­ing from the sus­tained growth of our es­tates and core busi­nesses. Fur­ther, we ex­e­cuted our in­vest­ment pro­gram to en­sure con­tin­ued growth in the com­ing years.”

Prop­erty devel­op­ment rev­enues rose 17 per­cent to R79.2 bil­lion, driven by the steady trac­tion of its res­i­den­tial and of­fice for sale seg­ments, com­ple­mented

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