Ayala Land income up 13% in 2019

AYALA Land Inc. registered double-digit growth in net income last year on the back of improved revenues supported by office, commercial and industrial lots sales.

In a disclosure on Friday, the Ayala-led property firm said its 2019 net income climbed by 13 percent to P33.2 billion from P29.24 billion a year ago. Total topline figures, meanwhile, inched up 2 percent to P168.8 billion.