A subsidiary of Ayala Land, ALLHC revenues surged over 70 percent to P2.6 billion while net income jumped 22 percent to P413 million.
Industrial lot sales brought in P1.7 billion, boosted by demand at Laguindingan Technopark and faster development of industrial estates.
“Alongside robust market activity, we believe our efforts to grow our asset portfolio and further enhance our industrial leasing segments will continue to position ALLHC well for growth for the remainder of 2024,” said Robert S. Lao, CEO of ALLHC.
ALLCH said other segments such as warehouse leasing rose 14 percent to P379 million, followed by cold storage revenues of P92 million, up 8 percent. Its commercial leasing revenues grew by 5 percent to P466 million due to better mall occupancy.
