(The Philippine Star) | Updated April 2, 2016 - 12:00am
MANILA, Philippines - Ayala Land Inc. (ALI) was once again named the overall best managed real estate company in Asia by FinanceAsia in its 16th poll of Asia’s Best Companies awards. ALI also ranked among the top in FinanceAsia’s Best Companies category, Corporate Social Responsibility and Investor Relations categories, and was one of the Most Committed to Corporate Governance. Aside from the company awards, ALI executive Jaime Ysmael was also named Best Chief Finance Officer in the Philippines for the second year in a row.
ALI was also named the best managed real estate company in Asia by FinanceAsia last year and was cited as one of the Philippines’ best managed publicly-listed companies and Best in Investor Relations in 2015. It is also consistently listed among the top ranked companies in the Best Corporate Governance, and Most Committed to Paying Good Dividends categories among others.
“We thank FinanceAsia and its poll participants for this recognition. Moving forward, we continue to view the property sector with optimism and remain focused on achieving our growth targets in the coming years,” said ALI president and CEO Bernard Vincent Dy.
FinanceAsia’s annual poll surveys portfolio managers, investors and buy and sell-side analysts from all over the world to determine which companies across Asia are the best managed, and have the best corporate policies and executives among others.
The company reported a net income of P17.6 billion in 2015, growing 19 percent from P14.8 billion in 2014. Consolidated revenues reached P107.2 billion, 13 percent higher than the P95.2 billion it posted in the previous year. The growth was attributed to the sustained performance of the company’s property development and leasing businesses, and improved margins across its product lines.
Ayala Land is the largest full-line property developer in the Philippines, known for its solid track record in master-planning and the most extensive offering of large-scale, integrated, mixed-use estates in the country today.