Ayala core profit hits 'record' P41B

By Brix Lelis

Mar 14, 2024 12:26 am

AYALA Corp., the country's oldest conglomerate, said its core income rose to a 'record high' of P41 billion last year, up 48 percent from 2022's P27.7 billion and surpassing pre-pandemic levels.

The 2023 core income, which excludes one-off items, was 39 percent higher compared to that of 2019 when the previous record was established, Ayala told the stock exchange on Wednesday.

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