MANILA, Philippines--The year 2018 was a banner year for the Filinvest group as it reported consolidated net income of P13.4 billion, 31% higher than the previous year's net income. Filinvest Development Corporation (FDC) is among the country's largest conglomerates with P591 billion in assets and P120 billion in equity. FDC officials said the increase is primarily due to growth in the company's property segment as well as the power group's ramped-up energy sales from its 3x135 megawatts clean coal power plant. The bulk of the group's gross revenues had been generated by the property (43%) and banking (41%) segments, while power generation operations cont...
Keep on reading: FDC 2018 net income up 31% to P13.4B
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