Ayala Corp. (AC) grew its first nine-month profit to P33.96 billion, up 5.1 percent from P32.31 billion last year.
Revenues reached P268.45 billion, up 9.4 percent from P245.38 billion.
Core profit grew 19 percent to P36.7 billion.
“The performance was anchored by the company’s core units, BPI, Ayala Land, Globe, and AC Energy & Infrastructure Corp. (ACEIC),” AC said.
BPI posted profit of P48 billion, a record, up 24 percent due to sustained growth in loans, fee income, and net interest margin expansion.
Ayala Land reported P21.2 billion in profit, up 15 percent, on resilient residential demand and consumer activity.
Globe’s core net income improved 19 percent to P17.6 billion as the company posted record service revenues.
ACEN Corp. reported a profit of P8.1 billion, up 24 percent. ACEIC, the parent company of ACEN, registered a core profit of P8.7 billion, up 21 percent. Including one-off items, ACEIC’s net income was flat at P10.2 billion