Monday 19 November 2018
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inquirer - 3 month ago

Ayala Corp. nets P16.1B

The country s oldest conglomerate Ayala Corp. grew its net profit in the first semester by 7 percent year-on-year to P16.1 billion driven mostly by its real estate, telecommunications, and power businesses. In the second quarter alone, Ayala recorded a net income of P8.4 billion, up 3 percent year-on-year, mainly driven by Ayala Land and AC Energy, which posted transaction gains from value realization initiatives. Lower fee-based income and higher operating expenses recorded by Bank of the Philippine Isl

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