AYALA Land Inc. (ALI) has registered consolidated revenues of P49 billion and a net income of P6 billion in the first six months of 2021, up 19 percent and 34 percent, respectively from the same period in 2020, as the company showed significant improvements in performance compared to the first half of 2020 during the onset of the pandemic.

In the second quarter alone, revenues and net income reached P24.3 billion and P3.3 billion, respectively. ALI’s property development revenues grew 37 percent to P34.1 billion for the period, propelled by construction progress as well as higher sales bookings.

Sales reservations in the second quarter totaled P19.7 billion, a substantial growth of 45 percent from the same period last year, as local demand remained strong despite the re-imposition of enhanced community quarantine from March until April.

This brought first half sales reservations to P48.2 billion, up 26 percent from last year. (PR)