EARNINGS: Ayala Land's 2010 bottom line totaled P5.46B

Ayala Land Inc. on Friday said its unaudited net income totaled P5.46 billion last year, up 35 percent from the P4.04 billion posted in 2009. The real estate firm posted a P1.52-billion net profit last quarter — its seventh straight quarter of positive growth earnings. Sales of Ayala Land amounted to P37.81 billion last year, 24 percent higher year-on-year. Ayala Land made a "banner year" in 2010 due to strong performance of its major business segments such as residential developments and shopping centers, Ayala Land president Antonino Aquino said in a statement. "We achieved record-high residential sales and our shopping center and office leasing properties continued to do very well. We were also more aggressive in launching projects all over the country compared with previous years," he said. This year, the property firm is targeting to launch more than 20,000 units across all residential brands, with an estimated sales value of P57 billion. — JE, GMA News