Ayala income hits P34B owing to record BPI performance

Record earnings in the banking business buoyed the nine-month net profit of Ayala Corp., the country’s oldest conglomerate, by 5 percent to P34 billion. Excluding one-time gains, the Zobel family-led firm’s core earnings climbed by 19 percent to P36.7 billion, Ayala said in a stock exchange filing on Wednesday. Revenues likewise went up by 9
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