Ayala Land, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 01:30 am EDT
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Ayala Land, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 12,796 million compared to PHP 43,537 million a year ago. Net income was PHP 197 million compared to PHP 7,834 million a year ago. Basic earnings per share was PHP 0.01 compared to PHP 0.53 a year ago. For the half year, total revenue was PHP 41,199 million compared to PHP 83,217 million a year ago. Net income was PHP 4,518 million compared to PHP 15,157 million a year ago. Basic earnings per share was PHP 0.3 compared to PHP 1.02 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. 
