MANILA Feb 13 Ayala Land Inc, the
largest property developer in the Philippines, said full-year
net profit rose 27 percent to a record level as robust economic
growth helped it sell more homes and lease out bigger commercial
Net profit rose to 9.04 billion pesos ($222 million) from
7.14 billion pesos the year before, the company said in a
statement on Wednesday.
Ayala Land, which builds residential complexes, high-rise
condominium and office buildings in addition to operating
shopping malls, hotels and resorts, said consolidated revenue
grew 23 percent to 54.5 billion pesos.
For the full statement, click on link.reuters.com/qat85t
($1 = 40.695 Philippine pesos)
(Reporting by Erik dela Cruz and Rosemarie Francisco; Editing
by Edwina Gibbs)