AYALALand Logistics Holdings Corp. on Thursday said its income grew 15 percent last year to P641 million from the previous year’s P554.71 million on higher land sales of mostly industrial lots.
In its disclosure, the company said its revenues grew more than half to P5.3 billion from the previous year’s P3.36 billion, on strong sales of industrial lots, warehouse and commercial leasing operations.
Industrial lot sales grew more than double to P1.8 billion from the previous year’s P786 million, while leasing revenues from warehouses rose 78 percent to P285 million, and commercial leasing increased 24 percent to P849 million.
The company, previously known as Prime Orion Philippines Inc., ended the year with 170,000 square meters of warehouse gross leasable area and 84,000 sq m of commercial GLA.
“Our growth is concurrent with the creation of employment opportunities within our developments. With the addition of new industrial estates in key areas across the countrym ALLHC continues to solidify its vision of energizing and supporting communities as the company works in creating value through economic activities,” said Maria Rowena M. Tomeldan, the company’s president.