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)
Published in the SunStar Cebu newspaper on March 13, 2018.
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