Ayala Corp., the oldest conglomerate in the country, posted a 22 percent jump in net profit last year on the back of the strong performance of its real estate and banking businesses, giving it confidence it can sustain double-digit earnings growth this year.
In a filing with the Philippine Stock Exchange on Monday, Ayala Corp. said it earned P12.8 billion in 2013, up 22 percent from the P10.5 billion net profit recorded in 2012.
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