The increased development of Alegria Hills located at Indahag, Cagayan de Oro City has helped improve Ayala’s Vis-Min revenues by 53% as of end of September 2009 as compared to the same period in 2008.
Below is the statement from Ayala’s SEC Third Quarter Report for 2009.
“Ayala Lands Visayas-Mindanao revenues improved by 53% to P147 million in the first nine months of 2009 from P96 million during the same period last year. Most of the revenue growth came from increasing percentage completion at Alegria and from higher bookings in new phases of Plantazionne Verdana Homes (PVH). NOI contribution was P18 million, less than 1% total.”
I wonder what would be Ayala’s SEC Fourth Quarter Report. 🙂