Philippines News Archives

Friday, February 05, 1999

AC ( 02/05/1999 : PSE )
This is to clarify the news article entitled "Ayala Corp.'s '98 income to have fallen 14.2% appearing in the Manila Times issue of today, 05 February 1999. In connection therewith, please be informed that the audited consolidated financial statements of the Company have not been completed and, therefore, the conclusions drawn from the aforesaid article are still speculative. We wish to restate, however, that during the first 9 months ending Sept. 1998, Ayala posted a consolidated net income of P5.29 B, up from P5.24 B in the same period in 1997. Judging from the 3rd quarter performance, the Company recorded a modest profit growth. In due course, the 1998 performance will be reported to the PSE and SEC as soon as the audited financials are available.
- posted by StockMarket @ 3:00 PM

Tuesday, February 02, 1999

AC ( 02/02/1999 : PSE )
Phil Stock Exchange approved on January 27, 1999 the request of Ayala Corporation for the actual listing of the 14,250,048 common shares, representing the 1998 20% stock dividend of the 1995, 1996, 1997 Executive Stock Option Plan (ESOP) and Employee Stock Ownership Plan (ESOWN) shares. In view thereof, the listing of the 14,250,048 common shares is set for Wednesday, February 10, 1999.
- posted by StockMarket @ 3:00 PM

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