MANILA, Philippines --- The country's oldest business house Ayala Corp. chalked up a net profit of P8 billion in the first three months, up by 5 percent year-on-year, on higher earnings across its core real estate, banking and telecommunication businesses. The group also booked P1 billion in non-recurring net accounting gains from the merger of its education arm with the Yuchengco group's iPeople. Ayala reported healthy equity earnings contribution from its business units, which grew seven percent to reach P9.9 billion. Equity earnings contributions of Globe Telecom, Ayala Land, and Bank of the Philippine Islands grew by 44 percent, 15 percent, and 5 percent, respectively in the first ...
Keep on reading: Ayala Corp. nets P8B in first three months of 2019
from INQUIRER.net http://bit.ly/2HcEBiR
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