Manila Bulletin
Premium residential, commercial-industrial lot sales fuel ALI's profit growth
Ayala Land Inc. (ALI) reported a 10 percent increase in its first-quarter net income, reaching P6.9 billion, primarily driven by strong performance in its premium property segment and enhanced leasing operations.
Consolidated revenues for the period climbed by 6 percent to P43.6 billion, with property development revenues seeing an 11 percent rise to P27.8 billion.
The premium residential segment demonstrated continued strength, contributing to a 3 percent increase in residential revenues to P22 billion.
Sales of commercial and industrial lots more than doubled to P5.7 billion, significantly boosted by strong demand at Arca South in Taguig City.
ALI launched four new projects worth P12.6 billion during the first quarter, with approximately 90 percent of these projects targeting the premium segment and located outside Metro Manila.
Leasing revenues grew by 7 percent to P11.6 billion, benefiting from ALI's major malls and hospitality assets which have been undergoing renovations.
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