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                    [ArticleID] => 139607
                    [Title] => Ayala Corp  9-months income drops to P2.52B
                    [Summary] => Higher financial costs weighed down on Ayala Corp.’s bottom line for the first nine months as its consolidated net income fell 11.6 percent from P2.85 billion last year to P2.52 billion this year.


Ayala Corp. managing director Rufino Manotok said that while its core companies turned in better or steady earnings during the period, the conglomerate was affected by the increase in actual financing costs due to hedging and swaps.


                    [DatePublished] => 2001-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
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AMONG AYALA

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                    [ArticleID] => 139607
                    [Title] => Ayala Corp  9-months income drops to P2.52B
                    [Summary] => Higher financial costs weighed down on Ayala Corp.’s bottom line for the first nine months as its consolidated net income fell 11.6 percent from P2.85 billion last year to P2.52 billion this year.


Ayala Corp. managing director Rufino Manotok said that while its core companies turned in better or steady earnings during the period, the conglomerate was affected by the increase in actual financing costs due to hedging and swaps.


                    [DatePublished] => 2001-11-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Ayala Corp 9-months income drops to P2.52B

By Christina Mendez | November 10, 2001 - 12:00am

Higher financial costs weighed down on Ayala Corp.’s bottom line for the first nine months as its consolidated net income fell 11.6 percent from P2.85 billion last year to P2.52 billion this year. Ayala Corp....

Business