CONGLOMERATE Ayala Corp. (AC) posted a net profit of P26 billion in 2016, up 17 percent from the year earlier, mainly on the back of double-digit growth contributions from its real estate and banking units and boosted by its emerging businesses in power and industrial technology.
“This positive earnings momentum was driven by the robust equity earnings contribution from Ayala business units, which expanded 14 percent from its year-ago level, to P32 billion. Equity earnings from the Bank of the
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.