(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.
_____________________________________________________________
