Ayala Corporation’s consolidated audited net income for 2011 reached P9.4 billion on the back of strong recurring earnings growth posted by the core businesses in real estate, banking, and water as well as improvements in its international real estate business and BPO businesses.
The Ayala businesses’ growth momentum has been very positive. They remain dominant in their respective industries despite intense market competition. The growth trajectory of Ayala’s businesses is expected to continue as it aggressively expands its products and services to a broader market base.
For this year, the Ayala group has allotted P91 billion for capital expenditures, 38% higher compared to capital expenditures last year. The bulk of this year’s allotment is for real estate development, network improvement in its telecom unit, and acquisitions as well as investments in its water business.
The company is also expanding into new businesses, particularly in power generation and transport infrastructure. Last year, Ayala committed capital of close to P7B for the development of projects in solar, wind, hydro, and thermal power generation, as well as for the construction of a four-lane 4-kilometer road that will link Daang Hari road in Cavite to the South Luzon Expressway under the first public-private partnership (PPP) project of the Aquino government.
Ayala looks to continue with its development works and progress in its pipeline of projects in both conventional and renewable energy sources. It is also actively monitoring opportunities under the government’s PPP program that are expected to be rolled-out this year, particularly rail, road, and airport-related projects.
Ayala’s share price has risen by 37% year-to-date to P424.80 per share as of the close of trade April 19, 2012, outperforming the Philippine Stock Exchange composite index which rose by 18% over the same period.
Press statement on the occasion of Ayala’s Annual Stockholders’ Meeting held today, April 20, 2012 at InterContinental Manila.