Ayala said in a disclosure to the stock exchange nine-month consolidated revenues expanded 18.5 percent to P216.2 billion from P182.5 billion. Core net income, which excluded one-off items, went up by 13 percent to P21.8 billion year-on-year. READ:
billion in the same period last year on higher contribution from property, telecom and banking businesses.
Ayala said net income in the third quarter decreased 15 percent year-on-year to P7.6 billion because of a net one-off gain booked in 2021 and a net one-off loss this year.Property unit Ayala Land Inc.’s net income jumped 55 percent in the first nine months to P13.3 billion on significant uptick in commercial lot sales, progress in the construction of residential projects and recovery in commercial leasing.
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