Tuesday, December 1, 2020

Ayala Land Nets P23.2-B In 9 Months

Ayala Land Nets P23.2-B In 9 Months

Spotlight

DOTr Sec. Tugade Urges Drivers Of PUV To Participate In Gov’t’s Service Contract Program

Sa ilalim ng Service Contracting Program ng LTFRB, maaaring makatanggap ng karagdagang kita ang mga drayber na lubos na naapektuhan ang pangkabuhayan dahil sa COVID-19 pandemic.

Save The Children Philippines Launches “E-Regalo Sa Mga Bata”

For every Php 10,000 raised through E-Regalo sa mga Bata, Save the Children will provide learning kits and life-saving essentials to 20 children.

ECHO, OXFAM, World Vision, And ADRA Partner To Support Goni-Displaced Families In Bicol

World Vision, along with several of its partners, vows to provide immediate aid to the most affected communities in the hard-hit areas of the Bicol region.

Concerns And Recommendations On Education Amid The Pandemic

READ: First-hand experience of a student amid the pandemic.

Ayala Land, Inc. (ALI) posted a 12-percent increase in net income to PHP23.2 billion for the first 9 months of 2019 as total revenues increased by 2 percent to PHP121.7 billion for the period.

Growth was driven primarily by real estate revenues which stood at PHP119.7 billion, supported by office, commercial and industrial lot sales and further boosted by the improving performance of new leasing assets.

ALI launched PHP37.8B worth of residential projects in the third quarter alone, bringing total launches for the first nine months of the year to PHP57.3 billion.

Capital expenditures reached PHP78.2 billion for the period, supporting continued residential and leasing asset build-up with the malls and offices segments, expanding their gross leasable area (GLA) further to 2.1 million and 1.2 million square meters, respectively.

“Third-quarter financial results were in line with our expectations, following a similar pattern to what we have seen in the first half of the year. We, however, launched more developments during the period, which we anticipate will help us finish strong in 2019 and provide positive momentum in 2020,” ALI president and chief executive officer Bernard Vincent Dy said in a statement.

“Commercial leasing assets, on the other hand, continue to outperform as business and consumer activity remain robust, and as more completed assets over the last couple of years stabilize and experience high occupancy rates,” he said.

ALI’s property development revenues amounted to PHP85.4 billion with contributions from a 51-percent growth in office for sale revenues to PHP11.1 billion, and a 16-percent increase in sales of commercial and industrial lots to PHP6.5 billion.

The company’s commercial leasing business expanded with total revenues up 16 percent to PHP27.6 billion, while shopping center revenues grew 10 percent to PHP15 billion.

Revenues from office leasing also jumped 26 percent to PHP7.2 billion, while the hotels and resorts segment grew its revenues by 17 percent to PHP5.4 billion. (PR)

Latest News

Anonymous Customer Involves GrabFood Rider In An Act Of Goodwill

Kudos to you ma'am/sir sa pag-aabot ng tulong sa mga nangangaailangan!

Slapshock Frontman Jamir Garcia Passes Away At 42

Rest in peace, Jamir. Your contributions to the music industry in the Philippines will never be forgotten.

MNL48 Premieres “River” Music Video This Friday

Watch out for MNL48’s newest music video for their sixth single, “River,” which premieres this Friday on MNL48's YouTube Channel.

DOTr Sec. Tugade Urges Drivers Of PUV To Participate In Gov’t’s Service Contract Program

Sa ilalim ng Service Contracting Program ng LTFRB, maaaring makatanggap ng karagdagang kita ang mga drayber na lubos na naapektuhan ang pangkabuhayan dahil sa COVID-19 pandemic.

Save The Children Philippines Launches “E-Regalo Sa Mga Bata”

For every Php 10,000 raised through E-Regalo sa mga Bata, Save the Children will provide learning kits and life-saving essentials to 20 children.

ECHO, OXFAM, World Vision, And ADRA Partner To Support Goni-Displaced Families In Bicol

World Vision, along with several of its partners, vows to provide immediate aid to the most affected communities in the hard-hit areas of the Bicol region.

Concerns And Recommendations On Education Amid The Pandemic

READ: First-hand experience of a student amid the pandemic.

Great Deals On Mobile And Broadband Await At The Gift Love, On The Globe myBusiness Shop

As a way to help SMEs rebuild in time for the holiday season, Globe myBusiness is currently holding the Gift Love, Gift Local Online sale until November 30, 2020.

Lenovo Legion Drops New Normal Holiday Gaming Gift Guide

Looking for a gaming laptop? Check out Lenovo Legion's top gaming device picks below!

PH Manages Covid-19 ‘Very Well’ With Low Mortality Rate: Palace

“Pinaninindigan po natin that we have managed COVID-19 very well in this country.” says Presidential Spokesperson Harry Roque.