Ayala Land Logistics Corp. said its net income reached P354 million in the first 9 months of 2023.
MANILA -- Ayala Land Inc. subsidiary Ayala Land Logistics Holdings Corp said its net income reached P354 million in the first 9 months of the year.The company said sales reservations reached P1.4 billion, already 10 percent higher year-on-year.
For the third quarter, however, they said revenues fell 31 percent, mainly due to early stage completion of newly-launched projects. Warehouse leasing was also down 2 percent, earning P510 million in revenues, due to lower average occupancy during the period. Cold storage, however, was a bright spot, growing its topline by 45 percent to P129 million from the same period in 2022.
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.
Santos Land at 52: What it takes to be a community builderSunStar Publishing Inc.
Read more »
Santos Land welcomes new presidentSunStar Publishing Inc.
Read more »
TNT, Meralco cruise to last 8TNT got its hat-trick bid in the PBA 3x3 Season 3 Second Conference off to a fiery start as it swept its way to the Leg 3 quarterfinals yesterday at the Ayala Malls Fairview Terraces.
Read more »
6 LTO enforcers axed over extortionSix traffic enforcers of the Land Transportation Office have been sacked after they were accused of extorting money from drivers during the campaign against colorum public utility vehicles.
Read more »
Hotel101 closes deal for Spain expansionDoubleDragon’s hospitality unit Hotel101 Global has moved a step closer to completing its expansion in Spain following the close of its land deal for Hotel101-Madrid Spain.
Read more »