AYALA CORP, the country’s oldest conglomerate, expects profit to hit the P20-billion mark this year – sooner than earlier thought – after reporting healthy earnings results for 2014, it told the stock exchange yesterday.

The company’s net income climbed 46% to P18.6 billion last year, from P12.8 billion in 2013, when it clocked 22% profit growth, its unaudited income statement filed with regulators showed.

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