Ayala Land’s income buoyed by premium residential sales, thanks to first-time buyers, entrepreneurs
MANILA, Philippines – Ayala Land Incorporated’s (ALI) move to bank on its premium residential offerings appears to be paying off.
In a stock exchange filing on Wednesday, August 8, the property giant reported a 15% year-on-year net income growth to P13.1 billion in the first six months of 2024. Consolidated revenues also increased by 28% to P84. 3 billion, with its residential segment earned revenues that totaled P43.7 billion.
ALI president and chief executive officer Anna Ma.
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