Ayala Land net up 32%

By Brix Lelis

Feb 21, 2024 12:39 am

Real estate company also looking to raise P50 billion

REAL estate developer Ayala Land Inc. (ALI) ended 2023 with a net income of P24.5 billion, 32 percent higher year on year on what is said was 'robust property demand and heightened consumer activity.'

Consolidated revenues rose 18 percent to P148.9 billion as sales grew 14 percent to P92.3 billion, driven by steady bookings and a higher completion rate of residential and office projects.

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Real estate company also looking to raise P50 billion

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