Ayala Land, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 10, 2020 at 07:45 pm EDT
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Ayala Land, Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was PHP 28,403 million compared to PHP 39,680 million a year ago. Net income was PHP 4,322 million compared to PHP 7,322 million a year ago. Basic earnings per share was PHP 0.29 compared to PHP 0.5 a year ago.
Ayala Land, Inc. is a Philippines-based property developer. The Company is focused on developing integrated and mixed-use real estates. The Company operates through eight segments: Property Development, International Business, Shopping Centers, Offices, Hotels and Resorts, Construction, Property management, and Others. The Company has developed properties in the Makati CBD, Ayala Alabartg, Cebu Park District, Bonifacio Global City, and others. It has approximately 12,000 land, and 49 developed estates. The Company offers diverse portfolio of complementary businesses primarily in the development of residential, office, commercial, and industrial properties for sale, as well as commercial leasing through shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living, and co-working spaces. Its brands include Ayalaland Premier, Alveo, Avida, Amaia, and BellaVita. The Company's subsidiaries include Alveo Land Corporation, Serendra, Inc., and others.
AYALA LAND, INC. 
