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Alveo Solinea

Residential Sales Drive Ayala Land Profit Higher in 2016

Cebu Ayala Land

AYALA LAND, Inc. (ALI) sustained a 19% growth in earnings last year, as residential and office sales continued to boost its property development business while its portfolio of leasable properties expands further. In a statement issued on Wednesday, the listed company said its net income surged to P20.9 billion, following a 16% increase in consolidated…