MANILA — Ayala Corporation said its core net income in the first 9 months of 2023 climbed 42 percent to P31 billion.

The conglomerate said the growth was supported by strong earnings from BPI, Ayala Land, and its energy unit ACEN.

BPI earlier said its net income for the first nine months of 2023 climbed 26.4 percent to P38.6 billion.

• BPI net income jumps in 3rd quarter

The company's real estate arm, Ayala Land, saw net income grow 38 percent to P18.4 billion on the back of gains in its property development and commercial leasing businesses.

• Ayala Land subsidiary posts P354 million in net income

ACEN's net income, meanwhile, jumped 59 percent to P6.6 billion.

• ACEN says on target to meet renewable capacity goal by 2030

Ayala noted, however, that telco giant Globe's net income went down 27 percent to P19.4 billion on the back of a one-time gain on the partial sale of its data center business in the same period last year.

• Ayala Corp sells part of stake in Manila Water
• Ayala Corp. net income climbs 55 pct from January to June
• Globe core net income down in first 9 months

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