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Ayala Land records P4.5-B Q1 profit

REAL estate developer Ayala Land Inc. netted P4.5 billion in the first three months of 2023, up by 42 percent from P3.17 billion in the same period a year ago, following growth across all business segments.

'All our business lines showed progress, demonstrating market stability in the property sector,' Ayala Land President and Chief Executive Officer Bernard Vincent Dy said.