PSE listed company ALLHC of Ayala group of companies have increase its net income by 41% for the last 9 months. It earned up to 565Million pesos.
As compared last year, ALLHC grew its revenues by 5% from 2.6Billion to 2.8 Billion pesos. Its revenues grew on all of its sectors.
Warehouse leasing up by 73% (518Million) due to its increase in Gross leasable area. Cold storage revenue is up by 178% (from 32million to 89 million) due to addition of Alogis Artico second facility. Commercial leasing up by 114% generated revenues of 665Million.
According to ALLHC COO Patrick Avila, “ Year on year we could see improvements across our business main segments. Demand for industrial lots remain solid, warehouse leasing is resilient, while mall operations showed encouraging recovery.
We trust business performance of our diversified portfolio to be sustained for the remainder of the year as we continue to experience increase of economic activity”.
Its recent involvement and joint venture with FLOW Digital Infrastructure will start its foray for the development in data centers in the country.
With an initial rollout of 6MW, the venture starts the delivery of data in hyperscale campus.
Source: https://edge.pse.com.ph/announcements/form.do#viewer
ALLHC stock price stayed on its range and close at 3.22 pesos/share last Friday trading.
