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BRIEF-Ayala Land clarifies on article titled “residential sales drive ALI profit higher in 2016”
February 16, 2017 / 5:39 AM / 7 months ago

BRIEF-Ayala Land clarifies on article titled “residential sales drive ALI profit higher in 2016”

Feb 16 (Reuters) - Ayala Land Inc:

* Refers to news article titled “residential sales drive ali profit higher in 2016” posted in Business World (internet edition) on feb 16

* Confirms co has allotted 87.6 billion pesos for capital expenditure this year, an increase from the 85.40 billion pesos disbursed in 2016

* Clarifies that the projected spend for hotels and resorts development is at 4.8 billion pesos this year Source text for Eikon: Further company coverage:

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