Published on 08 November 2012 [ manilatimes.net ]
Written by MADELAINE B. MIRAFLOR REPORTER
Ayala Land Inc. (ALI) concluded the
first nine months of 2012 with a P6.62 billion net income, a 27-percent
increase from the P5.23 billion the company earned in the same period last
year, driven by the strong performance and margin improvement achieved by all
of the company’s major business lines.
Also, ALI’s consolidated revenues for
the same period hit P39.01 billion, which is 20 percent higher than the P32.63
billion the company registered in the same period last year.
ALI said in a statement that revenues
from real estate and hotels, which comprise the bulk of consolidated revenues,
increased by 20 percent to P36.89 billion, while net income margin improved to
20 percent from 18 percent last year.
“We are midway into our 5-10-15 plan
and we continue to progress very well and this is reflected in our results over
the first nine months of the year,” said ALI Chief Finance Officer Jaime
Ysmael.
He said that average monthly sales
take-up remains very robust and margin improvement is steady for all business
lines.
“We’ve spent 94 percent of our
programmed capital expenditures for projects this year and we are looking
forward to upcoming launches before the yearend. By all indications, 2012 is
looking like another good year for Ayala Land,” Ysmael added.
Property development, which consists
of the sale of residential units, as well as the sale of commercial and
industrial lots, posted revenues of P23.91 billion in the first nine months, 27
percent higher than the P18.80 billion reported during the same period in 2011.
Also, total revenues for commercial
leasing, which includes the company’s shopping center and office leasing
operations, amounted to P6.34 billion in the three quarters ending September,
which is 19 percent higher than the P5.33 billion recorded in same period last
year.
Revenues from shopping centers, on the
other hand, rose by 19 percent to P4.18 billion, marked by higher lease rates
and increase in occupied space with the opening of Harbor point in Subic. Meanwhile,
revenues from office leasing operations increased by 19 percent to P2.17
billion from P1.82 billion in the same period last year.
Revenues of the hotels and resorts
business improved by 11 percent to P1.81 billion from P1.62 billion in the same
period last year, largely from better revenue per available room.
Also, services, which include ALI’s
wholly-owned construction and property management businesses, generated
combined revenues (before inter-company eliminations) of P14.64 billion during
the first nine months of the year, which is 40 percent higher than the P10.49
billion posted in the same period last year.
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