Contact Information

Cebu Holdings, Inc.
20/F Ayala Center Cebu Tower
Bohol Street, Cebu Business Park
Cebu City, Cebu 6000
Tel: (63 32) 888 3700

ALI profits up 19%

Tuesday, November 10, 2015

Property giant Ayala Land, Inc. (ALI) booked a 19-percent surge in profit in the first nine months of 2015 on the back of sustained stable performance of property development, commercial leasing and services businesses. Its net income reached P12.8 billion in January to September from P10.8 billion during the same period last year.

ALI said its consolidated revenues increased 9.96 percent to P68.3 billion to P75.1 billion.

"Our nine-month earnings affirm the consistent and balanced performance of our key business lines which we plan to expand at a steady pace," said Bernard Vincent O. Dy, ALI president and chief executive officer.

"Our priority is still the continuous development of our integrated mixed-use estates all over the country. Through the company's more establish estates, such as Makati, Bonifacio Global City, Cebu Park District, and in recent years, Nuvali, we have seen these developments contribute positively to the local economy," he said.