EXCERPT

Ayala Land’s net income increased 14 percent to P3.2 billion in the first quarter of 2022 due to higher operating results from its shopping centers and hotels and resorts from improved mobility as well as lower expenses.

BPI posted a net income of P8 billion in the first quarter, expanding 60 percent from a year ago, on higher net interest income, lower loan loss provisions, and normalized tax expenses.

Globe’s net income increased 86 percent to P13.7 billion in the first quarter of 2022 mainly due to the P8.5 billion net gain from the partial sale of its data center business.

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