Filinvest Land nets P2.47B

GOTIANUN-led Filinvest Land Inc. (FLI) posted a 7-percent growth in six-month net profit to P2.47 billion, driven by higher rental revenues.

Six-month revenues reached P9.21 billion or an increase of 5 percent from last year, FLI reported to the Philippine Stock Exchange on Thursday.

The company’s profit growth was driven by the 13 percent growth in rental revenues.

FLI is on track to attain its target of building a portfolio of one million gross leasable area target by 2019.