By Likha C. Cuevas-Miel, Reporter
HOUNDED by controversy over an explosion at its premier shopping mall and a patent infringement case, the Philippines’ biggest real estate developer turned in double-digit profit growth last year.
Based on documents submitted to the Securities and Exchange Commission, Ayala Land Inc. (ALI) posted a 13-percent growth in net income to P4.4 billion but consolidated revenues inched up by one percent to P25.7 billion over the previous year. . . . [ full story ]
