MANILA, Philippines --- Gotianun-led property developer Filinvest Land Inc. (FLI) posted a 24-percent year-on-year expansion in first quarter net profit amounting to P1.84 billion, driven by a double-digit growth in earnings from residential development and rental portfolio. FLI's gross revenues rose by 15 percent year-on-year to P7.2 billion during the first three months, the company disclosed to the Philippine Stock Exchange on Wednesday. The company saw a 42-percent year-on-year increase in three-month rental revenues, such as from its offices and shopping malls, which reached P1.72 billion. It also reported a 10-percent growth in real estate sales revenues amounting to P5.11 bi...
Keep on reading: Filinvest Land nets P1.84B
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