AyalaLand Logistics 9-month net income slips to P73M

AyalaLand Logistics Holdings Corp. (ALLHC) recorded a net income of P73 million in the first nine months of the year, down 9.9% from the P81 million earned in the same period last year.

Consolidated revenue reached P2.5 billion, a 3.8% drop from the P2.6 billion revenue in the first nine months of last year.

For the third quarter alone, net income posted at P62 million, supported by revenue recognition from industrial lot sales and sustained leasing performance.

This improvement narrowed the company’s year-on-year net income decline from 90% in the first half to 9% for the nine-month period, ALLHC said in a statement.

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