C04699-2016 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 14,712,682,588 | |
Preferred Shares | 13,066,494,759 |
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Subject of the Disclosure |
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Ayala Land’s net profit up 16% to P9.74B in the first half of 2016 |
Background/Description of the Disclosure |
Ayala Land, Inc. (ALI) posted a net income of P9.74 billion in the first six months of 2016, 16% higher compared to last year’s P8.39 billion. Consolidated revenues grew by 8% to P54.76 billion from P50.61 billion, which it registered in the same period in 2015. Its core businesses, such as property development, commercial leasing, and services, steadily performed and grew 8% year-on-year to P51.45 billion. This was propelled by the coordinated expansion of its large mixed-use estates in key growth areas nationwide. |
Other Relevant Information |
None |
Name | Albert Ong |
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Designation | Manager |