AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land Inc. subsidiary, said Tuesday its first-quarter net income rose 18.5 percent to P211 million from P178 million in the same period last year.
First-quarter consolidated revenues hit P1.3 billion, up 85 percent year-on-year from P702 million, signaling a solid recovery from the downturn experienced in 2023, the company said in a disclosure to the stock exchange.
“ALLHC’s performance in the first quarter was promising and sets a positive tone for the year ahead. With all core business lines showcasing notable improvements, we look forward to sustaining this growth momentum over the course of the year,” said ALLHC president and chief executive Robert Lao.
ALLHC said demand for industrial lots remained steady with industrial lot sales revenues registering at P851 million.
