ALI on track for sustained growth

By Earl John Alfaro

Aug 30, 2024 12:22 am

MAYBANK Investment Banking Group sees steady growth for Ayala Land Inc. (ALI) in the second half of 2024 after the latter reported higher-than-expected first-half results.

ALI's first-half net income rose 15 percent year on year (YoY) to P13.1 billion, which Maybank said was slightly ahead of their fiscal year (FY) 2024 estimate at 47.7 percent and in-line with consensus at 46.6 percent.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Banking propels SMIC 9-mo income to P60.9B

Ayala Jan-Sept net rises 19% to P36.7B

PLDT Jan-Sept net edges up to P28.1B

San Miguel income lifted by strong sales

SM Prime 9-month profit up 12% to P34B

Globe set to reduce 2025 capex to below $1B

Metro Pacific acquires 27th hospital