Ayala Corp. said it has set its sights on returning core net income to prepandemic levels with the creation of a company that will drive revenues for the conglomerate. Know more:
Ayala Corp. said it has set its sights on returning core net income to prepandemic levels with the creation of a company that will drive revenues for the conglomerate.
“The second priority is that with the improved earnings, we see the opportunity to get more dividends from our business units. And for us to turn around and pay more dividends to our own shareholders to the Ayala Corp. shareholders,” Consing said. “So in terms of portfolio management, we want to make sure that the more nascent younger growing companies in our portfolio, that each of them have the potential to be the next Globe or the next ACEN,” he said.
“Due to this, though the strength of the US dollar may diminish if the Fed cuts interest rates sooner, the peso may only move sideways as our substantial current account deficit limits potential appreciation.”
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