FILINVEST Development Corp. (FDC), the holding company of the Gotianun family, posted an attributable net income of P2 billion in the first quarter of 2021. In a disclosure, FDC said its revenues and other income also declined by 23 percent toP16.6 billion as it recorded declines across its portfolio. Filinvest’s banking arm, EastWest Bank, accounted for P2 billion of the group’s bottom line. Its property business followed at P641 million and power subsidiary at P463 million. Shares of FDC rose 10 centavos, or 1.22 percent on Tuesday to close at P8.29 apiece.

Source: Manila Times May 18, 2021 16:27 UTC