Ayala Land, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 08:13 pm EDT
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Ayala Land, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 35,100.01 million compared to PHP 28,721.4 million a year ago. Net income was PHP 6,879.48 million compared to PHP 4,911.3 million a year ago. Basic earnings per share from continuing operations was PHP 0.45 compared to PHP 0.33 a year ago. Diluted earnings per share from continuing operations was PHP 0.45 compared to PHP 0.33 a year ago.
For the six months, revenue was PHP 66,007.31 million compared to PHP 53,338.29 million a year ago. Net income was PHP 11,392.12 million compared to PHP 8,079.52 million a year ago. Basic earnings per share from continuing operations was PHP 0.75 compared to PHP 0.54 a year ago. Diluted earnings per share from continuing operations was PHP 0.75 compared to PHP 0.54 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. 
