AYALA Corp., the country's oldest conglomerate, saw core net income, excluding one-off items, surge 18 percent year on year (YoY) to P24.3 billion in the first six months of 2024 led by its banking, property, telecommunications and renewable energy businesses.
AYALA Corp., the country's oldest conglomerate, saw core net income, excluding one-off items, surge 18 percent year on year to P24.3 billion in the first six months of 2024 led by its banking, property, telecommunications and renewable energy businesses.'Including one-off items, Ayala 's net income increased 21 percent to P22.3 billion,' it said on Wednesday, adding that improved earnings from AC Energy & Infrastructure further boosted the overall result.
3 billion.Globe Telecom's core net income, excluding nonrecurring charges, grew 18 percent to P11.7 billion, while net income was up 1.0 percent to P14.5 billion due tower sales.The telco's equity earnings from Mynt soared 120 percent to P2.1 billion on the sustained growth of its payment platform, GCash.In power, ACEN Corp.'s net income jumped 49 percent to P6.3 billion on higher operating capacity, as total renewable energy output grew 42 percent to 2,907 gigawatt-hours .
Businesses Boost Ayala H1 Core Net Income To P24.3B
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