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MANILA, Philippines – Filinvest Development Corp. (FDC) grew its attributable profit in the first quarter as strong real estate sales helped offset weaker contributions from its power business amid a challenging macroeconomic environment.
In a disclosure on Thursday, the Gotianun-led conglomerate said net income attributable to equity holders of the parent company rose 8 percent to P3.9 billion in the January-to-March period from P3.6 billion a year ago.
Consolidated net income climbed 7 percent to P4.8 billion.
READ: Banking boosts FDC bottom line by 24%
