C05739-2019 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Ayala’s first-half net income expands twofold to P37.8 billion |
Background/Description of the Disclosure |
Ayala Corporation’s net income expanded twofold in the first half of the year to ¿37.8 billion from a year ago, driven by the solid growth of its banking, telecommunications, and real estate units combined with gains from value realization exercises in its emerging businesses. |
Other Relevant Information |
A P6.4 billion dividend from a 100% owned subsidiary had to be eliminated from the consolidated financial statements which affected the dividend income and net income attributable to non-controlling interest line items in the year-to-date June 2019 Income Statement. This has no effect on the net income attributable to the parent company. |
Name | Celeste Jovenir |
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Designation | Investor Relations Head |