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Ayala Corp. income soars 39%, bolstered by banking business

By Inquirer - 8 months ago
MANILA, Philippines — The Zobel family conglomerate Ayala Corp. booked robust profit growth in the past year with contributions led by record earnings at Bank of the Philippine Islands (BPI). The holding company’s net income in 2023 reached P38.1 billion, a gain of 39 percent. Core earnings—which removes one-off items—soared 48 percent to P41 billion,

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