ALLHC posts P641 million net income

Published February 20, 2020, 12:00 AM

by manilabulletin_admin

By James A. Loyola

AyalaLand Logistics Holdings Corporation (ALLHC) reported a 15 percent improvement in net income to P641 million last year while revenues reached P5.3 billion versus the previous year.

“The growth is driven by strong performances in the sale of industrial lots, warehouse and commercial leasing operations,” ALLHC said in a disclosure to the Philippine Stock Exchange.

Industrial lot sales revenues reached P1.8 billion versus P786 million in 2018 for a 130 percent growth. Meanwhile, leasing revenues from warehouses registered a 78 percent growth to P285 million, while commercial leasing revenues rose by 24 percent to P849 million.

The company ended the year with 170,000 sqm warehouse gross leasable area (GLA) and 84,000 sqm commercial GLA.

ALLHC continues to reinforce its foothold in South Luzon with its industrial projects in Laguna and Cavite.
Laguna Technopark is continuously generating unmatched export revenues among various economic zones, and has over 100,000 jobs generated throughout the property.

Cavite Technopark, which caters to light and medium, non-polluting enterprises, will generate over 20,000 jobs at full development.

“Our growth is concurrent with the creation of employment opportunities within our developments,” said ALLHC President Maria Rowena M. Tomeldan.

She noted that, “With the addition of new industrial estates in key areas across the country, ALLHC continues to solidify its vision of energizing and supporting communities as the company works in creating value through economic activities.”

In 2019, ALLHC grew geographically with key assets added, namely Laguinclingan Technopark (105 hectares) and Pampanga Technopark (192 hectares).

Growth in warehouse GLA is attributable to openings of standard factory buildings in Laguna and Alviera, which gave an additional 33,000 sqm GLA.