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Speaking before the Regis CEO Roundtable Series last May 18, Fernando Zobel de Ayala (FZA), President and CEO of Ayala Corporation, disclosed that “two of Ayala’s most cyclical businesses – Ayala Land and BPI – are priming themselves for a post-pandemic economic recovery. While rea ....
Published May 4, 2021, 4:00 PM Real estate giant Ayala Land Inc. (ALI) reported a 36 percent drop in net income to P2.8 billion in the first quarter of the year as it continued to weather the impact of the ongoing COVID-19 pandemic on its operations. In a disclosure to the Philippine Stock Exchange, the firm said it registered a 13 percent decline in consolidated revenues to P24.6 billion, versus the first quarter of 2020, due to restrictions brought about by the pandemic. However, sales reservations rose 15 percent to P28.5 billion in the first quarter of 2021 from the P24.7 billion posted in the same period last year as local demand remained robust amid the community quarantines. This was likewise an increase of 35 percent from the fourth quarter of 2020. ....
BusinessWorld April 22, 2021 | 12:07 am AYALALAND.COM.PH LISTED property developer Ayala Land, Inc. is expecting to recover by the second half of the year and is preparing P100-billion worth of residential products in the pipeline. “With the steady rollout of our ambitious national vaccination program, of which the Ayala Group and especially Ayala Land would play a critical role, I believe that we can start to show signs of recovery by the second half of this year,” Ayala Land Chairman Fernando Zobel de Ayala said at the virtual stockholders’ meeting on Wednesday morning. However, the company believes it will take around two to three years to return to pre-pandemic levels. ....
Published April 22, 2021, 6:00 AM Property giant Ayala Land Inc. (ALI) is aiming for a V-shaped recovery although it may take two to three years to be able to perform as well as it had in 2019, before the COVID-19 pandemic struck. “We are working towards a V-shape recovery and I am confident that we have the institutional capability, required resources, and a strong balance sheet to achieve this objective,” said ALI President and CEO Bernard Vincent O. Dy during the firm’s annual stockholders’ meeting. He noted that, “Our view is that it will take two to three years to revert to our 2019 performance.” ....
BusinessWorld February 25, 2021 | 12:08 am Fourth-quarter showed ‘sustained momentum for recovery’ AYALA LAND, Inc. (ALI) on Wednesday reported a 74% fall in net income for 2020 to P8.7 billion after a double-digit decline in consolidated revenues, but said its performance “improved steadily” towards yearend. “There was no escaping the major disruption caused by the pandemic in 2020, but our company’s performance in the latter part of the year was encouraging and provides a baseline for our recovery plans moving forward,” Ayala Land President and Chief Executive Officer Bernard Vincent O. Dy said in a press release. Revenues dropped by 43% to P96.3 billion last year, which the company said it “endured” after the impact of the coronavirus disease 2019 (COVID-19) on its operations. ....