• By The Financial District

Ayala Land Earns P6B

Ayala Land Inc. (ALI) registered consolidated revenues of P49.0 billion and a net income of P6.0 billion in the first six months of 2021, up 19% and 34% respectively from the same period in 2020, as the company showed significant improvements in performance compared to the first half of 2020 during the onset of the pandemic.

Photo Insert: Ayala Land continues to stand tall, upping their net income despite the challenges wrought by the pandemic

In the second quarter alone, revenues and net income reached P24.3 billion and P3.3 billion, up 90% and 16.6x from the same period last year.

ALI’s property development revenues grew 37% to P34.1 billion for the period, propelled by construction progress as well as higher sales bookings.

Sales reservations in the second quarter totaled P19.7 billion, substantial growth of 45% from the same period last year, as local demand remained strong despite the reimposition of ECQ from March until April.

This brought first-half sales reservations to P48.2 billion, up 26% from last year. “The pandemic continues to provide an extremely challenging environment for the majority of our business lines. Improvement in our performance in the first half of the year was driven primarily by our property development business, with residential demand showing resilience and construction progress driving revenue recognition.

All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

While it may take some time for our economy to fully reopen, particularly with the reimposition of ECQ in NCR, we are proactively launching new projects and ensuring we have adequate inventory to serve market segments that are demonstrating stability,” said ALI President and CEO Bernard Vincent O. Dy.

Ayala Land has budgeted P100 billion worth of residential launches in 2021. In the first half, it launched 14 projects with a total value of P44.3 billion.

Business: Business men in suite and tie in a work meeting in the office located in the financial district.

Eight of these projects were launched in the second quarter and these include Anvaya Cove S3 in Morong, Bataan by Ayala Land Premier and Bayview Heights in Cagayan de Oro, Misamis Oriental by Alveo.

In addition, Avida launched Averdeen Estates Phase 1 and Southdale Settings, both in Nuvali, Laguna, as well as Makati Southpoint Tower 2, and Astrea Tower 2 in Quezon City, while Amaia offered Amaia Steps.


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