Realty By JM

Salt and Light of Philippine Realty

Ayala Land 9-mo profits jump 27% to P6.6-B

MANILA, Philippines – Strong real estate sales and better margins hiked Ayala Land Inc.’s net income in the first 9 months of 2012 by 27% to P6.62 billion from a year ago’s P5.23 billion.

In a statement on Wednesday, November 7, the listed real estate firm said its revenues for the January-to-September period reached P39.01 billion, or 20% more.

“Average monthly sales take-up remains very robust and margin improvement is steady for all business lines," said Ayala Land Chief Finance Officer Jaime E. Ysmael in the statement.

Taken from:

http://www.rappler.com/business/15644-ayala-land-9-mo-profits-up-27-to-p6-6-b

J.B.M.
Real Estate Broker
PRC License #: 7396

Member: Philippine Association of Real Estate Boards – City of Taguig Real Estate Board

P.S. Our mission is "to look for ‘tenants.’" If we have the same mission, let’s talk: 0939-922-2710.

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Filed under: Real Estate Broker

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