At the company’s annual stockholders’ meeting, Ayala Land Inc. underscored the successful completion of its five-year growth target and highlighted new growth plans until 2020.
The property development compnay reported a net income of P14.8 billion in 2014 as a result of positive performance across its residential, shopping centers, offices, hotels and resorts, construction, and property management businesses. It also announced a capex of P100 billion to support its “2020-40 Plan,” with the objective to earn a net income of P40 billion by 2020, at an annual growth rate of 20 percent.
“As we pursue this bold growth aspiration, we also remain committed to our broad sustainability goals. Sustainability will continue to be embedded in the way we do things, contributing to the holistic development of growth centers,” said Ayala Land Chairman Fernando Zobel de Ayala.
Focusing on the theme, “Let’s build sustainable communities”, President and CEO Bernard Vincent Dy said that the company aims to make a difference by building large-scale, integrated, and mixed-use communities that are resilient, pedestrian and transit friendly, and eco-efficient, and create local employment.