GOTIANUN-LED Filinvest Land Inc. (FLI) on Monday disclosed a slumped attributable income of P736 million in January to March, down 45 percent from P1.35 billion in the same period last year. The real estate arm of Filinvest Development Corp. also saw a 20-percent weak gross revenues at P4.54 billion during the quarter. Filinvest Land’s residential revenues fell by 20 percent to P2.47 billion in the first quarter from P3.09 billion, while its leasing revenues slipped 17 percent year-on-year. FLI has P30-billion worth of residential projects in its pipeline and looks to expand in Bataan, Naga, Dagupan and General Santos. FLI’s shares improved by 2 centavos or 1.85 percent to close at P1.10 apiece on Monday.

Source: Manila Times May 17, 2021 16:21 UTC