Filinvest Land Inc. (FLI) of the Gotianun family eked out a two percent gain in profit to P3.8 billion on higher reservation sales.
Revenues from the residential segment grew by 15 percent to P11.27 billion, largely due to continued construction activities and healthy takeup of sales.
Reservation sales rose five percent to P16.04 billion.
FLI launched P6.7 billion worth of residential projects around the country including Metro Manila, Pampanga, Cagayan de Oro and Davao. To further expand its footprint, the company entered Dagupan, Pangasinan last year.
“We are happy with the results of our digital transformation that made our business more accessible to sales network and clients here and abroad. As we accelerate our construction pace and execute faster on our expansion plans, we expect to sustain our growth momentum throughout 2022 and beyond,” said Tristan Las Marias, FLI chief strategy officer and residential business Head.
FLI was included in the newly launched PSE MidCap Index, which measures the performance of mid-sized companies of the Philippine market. The constituents are selected based on market capitalization, liquidity, financial and free float.
SOURCE: Bilyonaryo
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