Ayala Land, Inc. has reported a net income of P17.6 billion during 2015, up by 19 percent from P14.8 billion during the previous year.
Consolidated revenues reached P107.2 billion, 13 percent higher than the P95.2 billion it posted in the previous year. The growth was attributed to the sustained performance of the company’s property development and leasing businesses, and improved margins across its product lines.
“We are pleased with the company’s performance in 2015,” said Bernard Vincent Dy, ALI President and Chief Executive Officer.
“Our established and emerging estates provided the backbone for our sustained growth while we continue to introduce new estates that will further contribute to it in the coming years.”
Revenues from property development, which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots, amounted to P67.9 billion in 2015, 10 percent higher than the P61.8 billion reported in 2014.
Revenues from the sale of residential lots and units reached P58.4 billion, 12 percent higher than the P52.3 billion posted in 2014, driven by bookings and project completions across the company’s residential brands.
“The company continues to adopt a positive view of the property market given the strong economic fundamentals of the country. This year, we will remain focused on introducing new projects that will address market demand and continue to work on achieving our growth targets in line with the objectives set in our 2020 plan,” Dy added.
