Ayala Land, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 05, 2020 at 08:25 pm EST
Share
Ayala Land, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was PHP 22,122 million compared to PHP 38,440 million a year ago. Net income was PHP 1,849 million compared to PHP 8,053 million a year ago. Basic earnings per share from continuing operations was PHP 0.12 compared to PHP 0.54 a year ago. For the nine months, total revenue was PHP 63,321 million compared to PHP 121,657 million a year ago. Net income was PHP 6,367 million compared to PHP 23,210 million a year ago. Basic earnings per share from continuing operations was PHP 0.43 compared to PHP 1.57 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. 
