Ayala Land Inc. was looking at P57 billion worth of launches in the second half of the year as it closed the first half with a net income of P14.2 billion.
The first-half income was up 8 percent from P13.15 billion a year earlier.
Anna Ma. Margarita Bautista-Dy, ALI president, said the launches “will support our growth aspirations for 2025 and beyond.”
ALI in a regulatory filing said that consolidated revenues reached P83.1 billion on the back of steady property development revenues and solid leasing and hospitality operations.
The property development generated revenues of P52.3 billion, driven by a strong commercial and industrial (C&I) performance.
Revenues from offices-for-sale ventures meanwhile hit P1.9 billion, up 5 percent from P1.81 billion. Reservation sales raked in P73.7 billion.
