FDC profit hits P3.9B despite weak power business
The Gotianun-led firm’s consolidated net income rose 7 percent to P4.8 billion, while total revenues and other income increased 5 percent to P30.8 billion. FDC’s property business led growth during the quarter, with revenues climbing 16 percent to P7.9 billion.
FILINVEST Development Corporation’s first-quarter financial results across business segments were mixed, with real estate and hospitality remaining resilient despite macroeconomic pressures.
Photograph courtesy of Filinvest Development Corporation
