Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Ayala Corp ., the Philippines’ oldest conglomerate, on Wednesday reported a 19% growth in its net income for the first nine months of 2024, driven mainly by the performance of the company’s core units during the period.In a regulatory filing, Ayala said its core net income grew to P36.7 billion, while its reported net income, which includes one-off items, increased by 5% to P34 billion.“Ayala’s growth is being sustained by the strong performance of our core businesses.
Its banking unit, Bank of the Philippine Islands , reported a 24% increase in its net income to P48 billion, as net interest income rose 22% to P93.9 billion. Revenues grew by 25% to P125.8 billion.The real estate business under Ayala Land Inc. saw a 15% growth in its net income to P21.2 billion, as property demand and consumer activity drove revenues up 27% to P125.2 billion.The telecommunications unit Globe Telecom Inc. posted a 19% increase in its core net income to P17.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Red Cross calls for protection of medical workers in LebanonLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Meta's Facebook, Instagram back up for most users in US after outage, Downdetector showsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
SMC, Ayala partner to build interchangeSAN Miguel Corp. (SMC), in collaboration with Ayala Greenfield Development Corp. (AGDC) — a joint venture of Ayala Land Inc. and the Greenfield Group — has commenced the development of the Ayala Greenfield Interchange in Laguna.
Read more »
COA shares experiences in audit of gender and dev't funds with Cambodian delegationLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Pasig announces transfer of some offices to temporary city hallLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
UK calls for restraint after China's military drills around TaiwanLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »