Ayala posts P30.3 billion net income in 2017

AYALA Corp. recorded a net income of P30.3 billion in 2017, climbing 16 percent from the previous year on the back of robust double-digit growth of its real estate and power businesses.

The results were buoyed by strong equity earnings contributions from Ayala’s business units, which reached P35.8 billion, 12 percent higher from a year ago.

This was led by Ayala Land and AC Energy, whose equity earnings contributions expanded 21 percent and 30 percent, respectively. (PR)

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