Ayala Corp Q1 net climbs 22% to P17B

AYALA Corp ., the country's oldest conglomerate, recorded 22-percent net income growth in the first quarter, to P17.3 billion from P14.2 billion a year earlier, following strong results from core businesses.Core profit, which excludes one-off items, expanded 26 percent year on year to P11.8 billion, thanks to double-digit growth in its banking, telco, property and energy units, the conglomerate said in a disclosure on Tuesday.

saw its first-quarter profit surge 39 percent year on year to P6.3 billion, while its revenues improved 33 percent to P41 billion amid sustained property demand and consumer activity.Power subsidiary ACEN Corp.'s earnings climbed 34 percent to P2.7 billion, powered by the ramp-up of new operating capacity and a strong net seller position in the spot market, Ayala said.

Corp Q1 Net Climbs 22% To P17B

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ayala Corp. arm’s retail drugstore chain purchase reviewed on competition concernTHE Philippine Competition Commission (PCC) said it will conduct a “more detailed” review of the proposed acquisition by Ayala Corp.’s pharmaceutical arm of a Northern Luzon drugstore chain after the competition watchdog discovered “potential” competition concerns in the retail sale of pharmaceutical and non-pharmaceutical products in the region.
Source: BusinessMirror - 🏆 19. / 59 Read more »

Avril Lavigne recreates 'Complicated' look after 22 yearsAvril Lavigne just recreated the iconic look from her “Complicated” music video 22 years after its release, proving that she’s still got it.
Source: gmanews - 🏆 11. / 68 Read more »

Gilas Pilipinas to start camp for Olympics qualifiers on June 22Gilas Pilipinas is gearing up for a busy schedule ahead of the FIBA Olympic Qualifying Tournament (OQT) in Latvia in July as the national team is set to start its training camp late next month.
Source: gmanews - 🏆 11. / 68 Read more »

After 22 years, 145 employees of IBC receive retirement payAfter more than two decades, 145 former employees of state-run Intercontinental Broadcasting Corp., some of whom are grappling with health issues, finally received their retirement pay last Friday.
Source: PhilstarNews - 🏆 1. / 94 Read more »

145 IBC-13 employees received retirement pay after 22 yearsA total of 145 employees of the Intercontinental Broadcasting Corporation (IBC-13) have received their retirement pay, more than two decades since they left the state-run media firm, the Presidential Communications Office (PCO) said Saturday.
Source: gmanews - 🏆 11. / 68 Read more »

Palace: 145 IBC employees receive retirement pay after 22 yearsDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »