Ayala Land First Half Profit Prints Positive

Ayala Land Inc. has just reported that the company was able to grow their first-semester net profit by 28 percent year-on-year to P4.33 billion, tracking market consensus outlook for this year, as all business segments performed strongly while operating margins improved.

Consolidated revenues for the first half reached P25.02 billion, 18-percent higher than the level a year ago. Revenues from real estate and hotels, which comprised the bulk of consolidated revenues, increased by 19 percent to P23.82 billion, with all business lines contributing to revenue expansion, the company disclosed to the Philippine Stock Exchange yesterday.

Looks like they’ll be buying more rubber grommets soon as the company prepares for more realty projects for the last half of the year, after posting such optimistic performances.

““We continued to post solid results in the first half of 2012 as we sustained our high growth trajectory,” said ALI chief finance officer Jaime Ysmael. “Across the board, we have been consistent in growing revenues and improving margins. Our first-half average monthly sales take-up for residential products was again a new record, and our commercial leasing and hotels and resorts businesses continue to perform very well.”

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