Ayala Logistics nets P641M

- Advertisement -

Ayala Land Logistics Holdings Corp. (ALLHC) reported its profit last year grew 15 percent to P641 million compared with P557.39 million the prior year.

Revenues amounted to P5.3 billion.

The company said the growth is driven by “strong performance in the sale of industrial lots, warehouse and commercial leasing operations.”

- Advertisement -spot_img

Industrial lot sales revenue reached P1.8 billion, versus P786 million in 2018, or 130 percent growth.

Leasing revenues from warehouses jumped 78 percent to P258 million, while commercial leasing revenues rose 24 percent to P849 million.

The company ended the year with 170,000 square meters (sq.m.) of warehouse gross leasable area (GLA) and 84,000 sq.m. of commercial GLA.

ALLHC said it continues to reinforce its foothold in South Luzon with its industrial projects in Laguna and Cavite.

It said Laguna Technopark is continuously generating unmatched export revenues among various economic zones, and has over 100,000 jobs generated throughout the property.

Cavite Technopark, which caters to light and medium, non-polluting enterprises, will generate 20,000 jobs at full development, it added.

Author

Share post: