STRONGER property demand and consumer activity drove property developer Ayala Land Inc.'s (ALI) net income in the first nine months of 2024 to P21.2 billion, from P18.39 billion a year ago, with consolidated revenues for the period having soared to P125.2 billion.
STRONGER property demand and consumer activity drove property developer Ayala Land Inc.'s net income in the first nine months of 2024 to P21.2 billion, from P18.39 billion a year ago, with consolidated revenues for the period having soared to P125.2 billion.'We are pleased with the solid results delivered across our business lines,' ALI President and CEO Anna Margarita Bautista-Dy said.
ALI's Avida brand also launched a mid-rise condominium project, Sentria Storeys Vermosa in Cavite, as well as the second tower of Amaia Skies Sta. Mesa in the City of Manila.The addition of One Ayala Mall and East and West Office towers, Ayala Triangle Gardens Tower Two, and Seda Manila Bay increased ALI's leasing and hospitality revenues to P33.2 billion from last year's P30.76 billion.Shopping center revenues reached P16.7 billion, office leasing stood at P9.
Land Income Improves To P21.2B
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