Filinvest Development Corp. (FDC) bared initiatives to grow the business by 20 percent annually.
Rhoda Huang, FDC chief executive officer, told shareholders late last week the group will continue to “push for transformation across the group to drive quality and attain faster earnings growth to achieve this target in the next five years.”
“This means a healthy balance sheet of higher return on invested capital and revenue growth. We believe we are positioned well to achieve this,” Huang said.
Huang said FDC’s growth track will be underpinned by three principles anchored on FDC itself “driving collaboration across its portfolio companies moving forward.”
“First, we will shape and optimize our portfolio to guide strategic focus and support the businesses in areas such as capital allocation, business development, and initiatives to accelerate value creation,” Huang said.
“Second, we will drive synergies and management systems. As a cohesive group, our portfolio companies can leverage on key platforms that will drive operational excellence and improve ways of working so that our businesses can focus on business building,” she added.
“And third, we will future proof talent and organization towards diverse high performing highly engaged employees ready to achieve our goals and face the challenges in the future.
Our aim is to fast forward Filinvest armed with a strategic framework for future growth,” Huang also said.
FDC is looking to spend as much as P25 billion in capital spending this year to drive growth.
