🟢 Ayala is trading 17.78% up today despite weaker first-half profitability

Ayala is trading 17.78% up now at $9.34, amid earnings-related trading and investor positioning despite weaker first-half profitability.

• Core net income fell 7% to P22.1 billion; reported net income declined 2% to P22.9 billion.
• Lower Ayala Land contributions and reduced non-operating income outweighed stronger results elsewhere.
• Ayala Land’s first-half net income dropped 19% to P11.5 billion.