ALLHC posts higher profit and net income in 2021
Last year, AyalaLand Logistics Holdings Corp. (ALLHC) recorded higher profits and revenues amid improved business operations.
The Ayala Land subsidiary on Wednesday announced an 11% higher annual net profit to 780 million pesos and a 7% higher turnover to 3.99 billion pesos in 2021.
ALLHC attributed the company’s growth to continued demand for industrial land as well as increased leasable space.
“Our performance remained strong and we posted healthy growth, allowing us to pursue our growth aspirations. We are optimistic that business activity will continue to improve in 2022,” said Maria Rowena Tomeldan, President and Chief Executive Officer. the management of ALLHC, in the press release. .
Industrial sales revenue jumped 62% to 2.05 billion pesos from 1.27 billion pesos year-on-year, while warehouse rental revenue rose 16% to 404 million pesos from 348 million pesos a year ago.
The company’s warehouse total gross leasable area also increased by 8% to 224,000 square meters (m²) last year, from 207,000 m² in 2020.
Quarantine restrictions affected commercial rental revenue, which fell 20% to 419 million pesos from 526 million pesos year-on-year.
ALLHC acquired two cold storage warehouses last year, which added 7,300 pallet spaces to its portfolio and recorded revenues of 49 million pesos.
ALLHC also announced the acquisition of a ready-to-use facility in Batangas earlier this month, which will be called ALogis Sto. Tomas, and will be his first industrial property in the province.
Shares of ALLHC gained 26 centavos, or 5.68%, to end at P4.84 each on Wednesday.