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Ayala earnings rise to P22.3 B in H1
The Philippine Star
|August 15, 2024
Ayala Corp., the country's oldest conglomerate, delivered higher earnings in the first half on the back of double-digit contributions from core businesses.
Ayala's core net income, which excludes significant one-off items, climbed by 18 percent to P24.3 billion in the first semester.
Including one-off items, the company's net income expanded by 21 percent to P22.3 billion.
"We are pleased with the sustained growth trajectory of our core earnings. We will continue to grow our quality businesses and explore initiatives to improve shareholder value," Ayala president and CEO Cezar Consing said.
The group's strong first half performance was attributed to the stronger contributions from Bank of the Philippine Islands (BPI), Ayala Land Inc. (ALI), Globe Telecom and ACEN Corp.
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