Filinvest Land nets P3.77B

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Filinvest Land Inc. (FLI) said profit last year grew 30 percent to P3.77 billion from P2.9 billion.

Revenues hit P22.55 billion, up 13.09 percent from P19.94 billion in 2022.

Residential  revenues grew 13 percent to P14.49 billion. The mall business posted revenue of P2.21 billion, up 32 percent.

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In the office space business, revenue grew 2 percent to P4.66 billion

“Filinvest Land recognized revenues from its new ventures, including co- living in Filinvest Mimosa+ Leisure City and its industrial park in New Clark City, showcasing its diversified portfolio and strategic expansion efforts. The co-living or dormitel business segment also contributed strongly on its maiden year with a 1 percent share in revenues and 4 percent share in net income,” the realtor also said.

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