Latest Stories

ALI nets P2.76B in Q1, up 30%


MANILA, Philippines–Property giant Ayala Land Inc. boosted its first quarter net profit by 30 percent year-on-year to P2.76 billion as all business lines contributed higher earnings.

“We are pleased that we have sustained this quarter’s growth trajectory, even as we embarked on new land banking initiatives which further expand our geographical reach and will benefit ALI in the long term,” ALI president Antonino Aquino said in a press statement issued Wednesday.

Consolidated revenues for the first quarter reached P18.53 billion, 38 percent higher than the P13.39 billion posted in the same period last year.

“Demand for our products continues to be strong, as reflected in the bookings and sales take-up of our recent residential launches,” said Jaime Ysmael, ALI chief finance officer. “Our commercial spaces continue to achieve very good lease and occupancy rates, particularly in the BPOs (business process outsourcing). A number of our new hotels and additional rooms in our new resorts have recently come on stream. This puts us well on track to achieving our targets and we will continue to pursue our growth plans just as aggressively for the rest of the year.”

Property development, which includes the sale of residential lots and units as well as the sale of commercial and industrial lots, posted revenues of P12.11 billion or 56 percent higher than the level reported a year ago.

Ayala Land’s residential segment grew revenues by 17 percent year-on-year to P8.01 billion in the first three months on the back of a 33 percent improvement in the value of bookings across the residential brands Ayala Land Premier, Alveo, Avida, and Amaia.

As an indicator of future growth, sales take-up value for the first three months of the year reached P19.2 billion, equivalent to an average monthly sales take-up of P6.4 billion. This was comparable to the record P6.5 billion average monthly sales take-up achieved for the whole of 2012.

ALI’s residential brands launched a total of 4,010 units in the first quarter with a total sales value of P10.1 billion.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Ayala Land Inc. , Business , profitability

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • What Went Before: Malacañang allies alleged involvement in pork scam
  • Timeline: Napoles tell-all
  • 12 senators on Napoles ‘pork’ list, says Lacson
  • Napoles surgery in Makati hospital successful
  • Save the queen? Aide takes fall for Enrile, Gigi Reyes
  • Sports

  • Mixers trim Aces; Painters repulse Bolts
  • Donaire junks Garcia as coach, taps father
  • ’Bye Ginebra: No heavy heart this time
  • UAAP board tackles new rules
  • Baguio climb to decide Le Tour de Filipinas
  • Lifestyle

  • The best flavors of summer in one bite, and more
  • Homemade yogurt, bread blended with pizza, even ramen
  • Visiting chefs from Denmark get creative with ‘ube,’ ‘ buko,’ ‘calamansi,’ mangoes
  • Salted baked potatoes
  • A first in a mall: Authentic Greek yogurt–made fresh in front of diners
  • Entertainment

  • Return of ‘Ibong Adarna’
  • Practical Phytos plans his future
  • In love … with acting
  • From prison to the peak of success
  • ‘Asedillo’ location thrives
  • Business

  • This time, BIR goes after florists
  • Philippine Airlines to stop shipment of shark fins
  • PH banks not ready for Asean integration
  • Stocks down on profit-taking
  • Banks allowed to use ‘cloud’
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • Editorial cartoon, April 24, 2014
  • Talking to Janet
  • Respite
  • Bucket list
  • JPII in 1981: walking a tightrope
  • Global Nation

  • PH seeks ‘clearer assurance’ from US
  • China and rivals sign naval pact to ease maritime tensions
  • What Went Before: Manila bus hostage crisis
  • Obama arrives in Tokyo, first stop of 4-nation tour
  • Believe it or not: Filipinos love US more than Yanks
  • Marketplace