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Friday, February 26, 1999
 
AC ( 02/26/1999 : PSE )
Ayala corporation reported a consolidated net income of P6.57 B for 1998, representing a slight growth over last year's P6.39 B. Consolidated revenues of P36 B grew by 15% from year-ago levels as all major revenue components posted increase despite the general slowdown in the economy. Sales and services of P22.9 B, which accounted for 64% of total revenues, registered an increase of 10%. Interest, rental, and investment income at P8.9 B rose by 43%, insurance revenues of P2.5 B was up 7%. Ayala's consolidated assets as of end-1998 stood at P117.1 B with current assets constituting 32% of its total resources. Cash and cash equivalents amounted to P12.4 B and accounted for 11% of consolidated assets. Stockholders equity grew by 17% to P42.9 B from the 1997 year-end level of P36.6 B.

The strong equity base coupled with debt servicing during the year reduced the company's gearing ratio to 0.85 from 0.99 the previous year. There exists challenges in the economic environment that will fully test the Company's capabilities as an institution, and Ayala Corporation took steps to cushion the impact of the volatile environment in 1998 while reinforcing the foundations needed for long term success. The main aim is to adjust to the new environment while continuing to invest in the platform needed for growth when business conditions in the region and the country begin to improve. From an overall perspective, Ayala's financial strength and fiscal prudence equip it well for the challenges and opportunities ahead. The Group has built diversified lines of businesses which have remained market leaders in their respective sectors and well-recognized for their performance.
- posted by StockMarket @ 3:02 PM

 
AC ( 02/26/1999 : BW )
Diversified conglomerate Ayala Corp. yesterday reported a slight 2.1% growth in net income for 1998 to P6.57 B from P6.39 B in 1997. This, as the company posted a 15% growth in revenues to P36 B from year-ago levels. Weighing down the firm's income growth was its real estate arm Ayala Land, Inc. which reported a 38.95% dive in net income during the period to P2.57 B from P4.21 B in 1997.
- posted by StockMarket @ 3:01 PM

Thursday, February 25, 1999
 
AC ( 02/25/1999 : AFX )
Ayala Corp 1998 results:
Net profit - 6.57 bln pesos vs 6.39 bln
Revenue - 36 bln pesos, up 15 pct
Of the overall revenue, sales and services rose 10 pct to 22.9 B pesos. Interest, rental and investment income grew 43 pct to 8.9 B pesos, while insurance revenue increased 7 pct to 2.5 B pesos. Consolidated assets totaled 117.1 B pesos at end-1998.
- posted by StockMarket @ 3:01 PM


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