Filinvest Q1 income surges 27% to P3.7B

By Brix Lelis

May 16, 2024 12:27 am

FILINVEST Development Corp. (FDC) on Wednesday reported a consolidated net income of P3.7 billion for the first quarter (Q1), up 27 percent from P2.9 billion a year earlier and attributed to robust growth at its banking, power and property units.

Attributable net income grew 36 percent to P2.9 billion from P2.2 billion, the Gotianun-led conglomerate told the stock exchange, while total revenues surged 28 percent year on year to P26.4 billion.

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