Ayala Corp. said its third-quarter normalized net income amounted to 8.10 Philippine pesos per share, compared with the S&P Capital IQ consensus estimate of 11.02 pesos per share.
EPS increased 44.5% year over year from 5.61 pesos.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 5.07 billion pesos, an increase of 43.3% from 3.54 billion pesos in the year-earlier period.
The normalized profit margin increased to 7.1% from 6.2% in the year-earlier period.
Total revenue rose 24.9% year over year to 71.24 billion pesos from 57.03 billion pesos, and total operating expenses climbed 25.4% from the prior-year period to 50.98 billion pesos from 40.64 billion pesos.
Reported net income increased 41.5% from the prior-year period to 7.86 billion pesos, or 12.56 pesos per share, from 5.55 billion pesos, or 8.81 pesos per share.
As of Nov. 16, US$1 was equivalent to 50.74 Philippine pesos.
