Ayala Land income drops 18.2% on weaker revenues; property giant eyes resilience amid headwinds
Ayala Land Inc. (ALI), a leading property developer in the Philippines, reported an 18.2% year-on-year drop in net income to P17.5 billion for the first nine months of the year, with revenues also declining 10.3% to P109.2 billion. The company aims to strengthen its recurring income base and diversify revenue streams.
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