Ayala income surged in ’14 by 46% to P19B

MANILA, Philippines–Conglomerate Ayala Corp. grew its net profit last year by 46 percent to P18.6 billion on robust earnings from its real estate, telecommunications and electronics manufacturing units alongside a one-time gain from an asset sale. At the parent level, Ayala has set aside P21 billion in capital spending this 2015 to fund its growing […]