Ayala Land Inc. (ALI), a unit of the Ayala Corp. conglomerate, is expecting to post a 20 percent increase in net income for 2014 due to sustained margins across all business segments.
ALI is involved in property development, commercial leasing, hotels and resorts, construction and property management. ALI President and Chief Executive Officer Bernard Vincent Dy told reporters in a briefing on Monday that the projection is based on the company’s strong first-half results, with a 25-percent jump in net income.
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