February 13, 2013

Ayala Land Posts an all-time high 27% earnings growth for 2012

Ayala Land Inc.'s Profits has grown 27% YOY to a total of P9.04 billion for the full year of 2012. The company benefited from higher bookings, steady project launches and constant progress on construction across all residential brands.

Consolidated revenues also posted strong growth of 23% to P54.52 billion. net income margin has improved to 19% to P77.61 billion or an average monthly take-up of P6.47 billion.

The net income record exceeded the company's market expectations. “This is the third consecutive year that we achieved record growth and this is attributed to the exceptional performance of our key businesses since we launched our 5-10-15 strategic plan,” ALI president Antonino Aquino said in a press statement.

Ayala said its residential business remained strong, recording P30.88 billion in revenues during the year, 29% higher than 2011’s.