Ayala Net Income Climbs to ₱26B

Makati—(PHStocks)—Ayala Corp. (PSE: AC) reported a net income of ₱26 billion in 2016, 17 percent higher than the previous year, on the back of double-digit growth contributions from its real estate and banking units, boosted by its emerging businesses in power and industrial technologies. This positive earnings momentum was driven by the robust equity earnings […]
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Ayala Land 9M 2016 Net Income Up 17% to PhP15B

Makati—(PHStocks)—Ayala Land Inc. (PSE: ALI) continued to perform steadily in the past nine months of 2016, delivering a net income of PhP15.06 billion, a 17% increase from the PhP12.83 billion posted in the same period last year. Consolidated revenues reached PhP85.49 billion, 14% higher than the PhP75.05 billion it posted in 2015. Revenues from real […]
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PHStocks Exclusive: Top 50 Best Performing Stocks in June

Manila—(PHStocks)—The Philippine Stock Exchange index flirted with 8,000 level yesterday—the inauguration of incoming President Rodrigo Roa Duterte—before closing down at 7,796.25, just 2.28 point lower from the previous day’s close. As intra-day high hit 7,980.75 yesterday, profit taking pulled back the gains as investors lock in their gains. For the month of June, below are […]
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LTG Eyes New Growth Drivers After Strong 2015 Performance

Taguig—(PHStocks)—LT Group Inc. (PSE: LTG) has a generally positive outlook for 2016 as it eyes new growth drivers to surpass last year’s PhP6.6 billion net income. In a statement following the group’s annual stockholders’ meeting, LTG president Michael G. Tan said the company is looking at capital expenditures of about PhP10 billion this year. The […]
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Ayala Net Income Climbs 15% to PhP5.8B in 1Q 2016

Makati—(PHStocks)—Ayala Corp. (PSE: AC) recorded a net income of PhP5.8 billion in the first quarter of the year, expanding 15% from a year ago, as most of its businesses performed well with largest growth coming from its real estate, power generation, and automotive businesses. This strong first quarter results was driven by the equity earnings contribution […]
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Ayala Land 2015 Net Income Up 19% to PhP17.6B

Makati—(PHStocks)—Ayala Land Inc. (PSE: ALI) reported a net income of PhP17.6 billion in 2015, growing by 19% from PhP14.8 billion in 2014. Consolidated revenues reached PhP107.2 billion, 13% higher than the PhP95.2 billion it posted in the previous year. The growth was attributed to the sustained performance of the company’s property development and leasing businesses, […]
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Metro Retail Stores Group Acquires SIAL Assets

Mandaue—(PHStocks)—Metro Retail Stores Group Inc. (PSE: MRSGI) has entered into a Deed of Absolute Sale with SIAL Specialty Retailers Inc., whereby MRSGI acquired from SIAL the store assets of SIAL’s department stores located at Fairview Terraces Mall and UP Town Center Mall. The transaction will allow MRSGI to expand its network of department stores in […]
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Shopping Frenzy Spurs PH Mall Owners to Add Record Space

Philippine builders like SM Prime Holdings Inc. (PSE: SMPH) and Ayala Land Inc. (PSE: ALI) can’t add retail space fast enough to satisfy demand from Southeast Asia’s most-confident consumers that pack Manila’s malls. Related Articles:PHStocks Exclusive: Top 50 Stock Price Gainers in AugustPH Stocks Breach 6,900PH Stocks End LowerPH Stocks Down on Profit TakingPH Stocks Surge […]
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