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                    [ArticleID] => 183643
                    [Title] => ALI profit rises to P1.62B in 1st 9 mos
                    [Summary] => Amid a soft real estate market, property giant Ayala Land Inc. reported a four-percent increase in its net income for the first nine months of the year to P1.62 billion.


Consolidated revenues, however, fell 13.7 percent to P8.14 billion from P9.42 billion as the continued weakness of the office sector created pressure on rental rates.


For the third quarter alone, ALI’s profits grew 27 percent to P550 million from only P433 million last year. Revenues, on the other hand, amounted to P2.91 billion or 9.8 percent higher than the year ago level of P2.65 billion.


                    [DatePublished] => 2002-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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MANILA AND OAKWOOD PREMIER AYALA CENTER

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                    [ArticleID] => 183643
                    [Title] => ALI profit rises to P1.62B in 1st 9 mos
                    [Summary] => Amid a soft real estate market, property giant Ayala Land Inc. reported a four-percent increase in its net income for the first nine months of the year to P1.62 billion.


Consolidated revenues, however, fell 13.7 percent to P8.14 billion from P9.42 billion as the continued weakness of the office sector created pressure on rental rates.


For the third quarter alone, ALI’s profits grew 27 percent to P550 million from only P433 million last year. Revenues, on the other hand, amounted to P2.91 billion or 9.8 percent higher than the year ago level of P2.65 billion.


                    [DatePublished] => 2002-11-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

ALI profit rises to P1.62B in 1st 9 mos

By Zinnia B. Dela Peña | November 12, 2002 - 12:00am

Amid a soft real estate market, property giant Ayala Land Inc. reported a four-percent increase in its net income for the first nine months of the year to P1.62 billion. Consolidated revenues, however, fell 13.7...

Business