
PROPERTY giant Ayala Land Inc. grew its net profit last year by 26 percent to P14.8 billion on the back of robust revenues booked from the residential development and leasing portfolio segments. Consolidated revenues for the full year 2014 reached P95.2 billion, 17 percent higher year-on-year, which the company attributed to its ability to seize opportunities for growth amid positive market conditions. “We are pleased with the performance of each of our business lines in 2014 and their contributions to our overall growth,” ALI president Bernard Vincent Dy said in a press statement on Monday. “Moving forward, we will continue to introduce new residential projects and scale-up our commercial leasing operations in support of our 2020 Vision.” The 2020 vision seeks to ALI’s net profit by 20 percent each year in the next six years, with the end-goal of breaching the P40-billion mark by the year 2020. ALI launched four estates last year – Alviera Pampanga, Altaraza Bulacan, Arca South Taguig, and Atria Park District Iloilo – which opened up to new development over 1,200 hectares of land. “Opportunities that will allow us to build integrated sustainable developments will remain our top priority. Not only do these estates become great places to live and work, but they also provide business and job opportunities to many Filipinos.” Dy said. On property development – which includes the sale of residential lots and units, office spaces, as well as commercial and industrial lots – ALI reported revenues of P65.9 billion in 2014, 21 Read More …