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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  Ayala Corporation    AC   PHY0486V1154

AYALA CORPORATION

(AC)
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Ayala Corp. First-Half Net Profit Fell 79% Due to Covid-19 Impact

08/13/2020 | 12:16am EST

By P.R. Venkat

Ayala Corp.'s first-half net profit fell 79% from a year earlier, as the Covid-19 pandemic hurt operations across its business units ranging from industrials to finance.

Net profit declined to 7.94 billion pesos ($162.2 million), the Philippine conglomerate said Thursday.

Revenue fell 34% from a year earlier to PHP84.63 billion.

"While the health crisis has stifled the momentum of some of our businesses, we have started to see positive trends in the operations of BPI (Bank of the Philippine Islands), Globe Telecom, and Ayala Land since the easing of quarantine restrictions in June," Ayala President and Chief Operating Officer Fernando Zobel de Ayala said.

The conglomerate's net cash during the first half stood at PHP28.3 billion, while net debt was at PHP93.8 billion.

 

Write to P.R. Venkat at venkat.pr@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
AYALA CORPORATION -1.30% 799 End-of-day quote.-3.39%
AYALA LAND, INC. 1.39% 40 End-of-day quote.-2.20%
BANK OF THE PHILIPPINE ISLANDS 2.72% 83.2 End-of-day quote.2.27%
GLOBE TELECOM, INC. -0.78% 2044 End-of-day quote.0.69%
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Financials
Sales 2020 187 B 3 891 M 3 891 M
Net income 2020 16 806 M 350 M 350 M
Net Debt 2020 308 B 6 408 M 6 408 M
P/E ratio 2020 29,7x
Yield 2020 0,97%
Capitalization 486 B 10 096 M 10 109 M
EV / Sales 2020 4,24x
EV / Sales 2021 3,48x
Nbr of Employees 64 413
Free-Float 30,6%
Chart AYALA CORPORATION
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Ayala Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends AYALA CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 948,29 PHP
Last Close Price 774,50 PHP
Spread / Highest target 49,9%
Spread / Average Target 22,4%
Spread / Lowest Target -4,58%
EPS Revisions
Managers and Directors
NameTitle
Jaime Augusto Zobel de Ayala Chairman & Chief Executive Officer
Fernando Miranda Zobel de Ayala Vice Chairman, President & Chief Operating Officer
Jose Teodoro K. Limcaoco CFO, MD, Chief Risk Officer, & Group Head-Finance
Maria Angelica B. Rapadas Chief Information Officer
Delfin Lapus Lazaro Non-Executive Director