Ayala Corp. Posts P5-B Net Income in Q1




Ayala Corporation posted an 8.0 percent hike in net profits to P5.0 billion in the first quarter of the year, driven by sustained positive momentum inits real estate, banking, telecom, and electronics manufacturing businesses.

In a disclosure to the Philippine Stock Exchange, the firm said this is while its new businesses, particularly in power generation, have moved to execution phase.

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