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Ayala Land Inc. (ALI) registered consolidated revenues of P49 billion and a net income of P6 billion in the first six months of 2021, up 19 percent and 34 percent respectively from the same period in 2020.
The company said it showed significant improvements in performance compared to the first half of 2020 during the onset of the pandemic.
In the second quarter alone, revenues and net income reached P24.3 billion and P3.3 billion, up 90 percent and 16.6 times from the same period last year.
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ALI’s property development revenues grew 37 percent to P34.1 billion for the period.
Ayala Land has budgeted P100 billion worth of residential launches in 2021.
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