Ayala Land bags FinanceAsia award anew
Property giant Ayala Land Inc. of Bilyonaryo Fernando Zobel de Ayala was once again named the overall best managed real estate company in Asia by FinanceAsia in its 16th poll of Asia’s Best Companies awards.
Ayala Land also ranked among the top in FinanceAsia’s Best Companies category, Corporate Social Responsibility and Investor Relations categories, and was one of the Most Committed to Corporate Governance.
Ayala Land executive Jaime Ysmael was also named Best Chief Finance Officer in the Philippines for the second year in a row.
The company was also named the best managed real estate company in Asia by FinanceAsia last year and was cited as one of the Philippines’ best managed publicly-listed companies and Best in Investor Relations in 2015.
“We thank FinanceAsia and its poll participants for this recognition. Moving forward, we continue to view the property sector with optimism and remain focused on achieving our growth targets in the coming years,” Ayala Land president and chief executive officer Bernard Vincent Dy.
Ayala Land’s net income grew 19 percent to P17.6 billion last year from P14.8 billion in 2014 while consolidated revenues rose 13 percent to P107.2 billion from P95.2 billion amid the sustained performance of the company’s property development and leasing businesses, and improved margins across its product lines.