MANILA - Ayala Corp on Monday said its net income grew 23 percent to P23.9 billion from January to September due to the overall improvement in economic activities.

Ayala Land, BPI and Globe were among the highest contributors to the strong results in the first 9 months of the year, Ayala Corp said in a disclosure to the stock exchange.

Ayala Land posted a net income of P13.3 billion, up 55 percent while BPI's net income expanded 75 percent to P30.5 billion, Ayala Corp said.

Meanwhile, Globe's net income grew 48 percent to P26.5 billion for the period.

"Our strong market positions in 4 of the 4 largest industrial sectors in the country have allowed us to capitalize on the re-opening of the economy to grow topline and core net income. Our largest publicly listed companies reported strong results and the other companies in our portfolio are gaining traction and adding heft," Ayala President and CEO Cezar Consing said.

ACEN, on the other hand, posted a net income of P4.1 billion in the first 9 months, declining by 4 percent, the company said.

Ayala Land's net income was at P13.3 billion for the period, which is 55 percent higher year-on-year, it said.

• Ayala Corp posts 62 percent jump in net profit in 2021
• Globe posts P26.5B net income in Jan-Sept, up 48 pct on back of corporate, mobile
• Ayala Corp says president, CEO Fernando Zobel de Ayala on temporary medical leave

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