FLI nets P5.83B

/ 01:45 PM March 21, 2018

FLI president Josephine Gotianun-Yap

Gotianun-led property developer Filinvest Land Inc. (FLI) grew its net profit last year by 9 percent to P5.83 billion on higher rental revenues from its new office and shopping malls.

This net income was achieved through an increase in total revenues to a record P20.27 billion from P19.5 billion in the previous year.


The company attributed the revenue increase to a major expansion of its rental property portfolio and the continued strong demand for its retail and office spaces.

Rental revenues grew by 30 percent to P4.42 billion as the firm booked increased revenues from its new office and retail buildings. Vector Three, located in Northgate Cyberzone Alabang has been completed and turned over, adding 36,000 square meters of gross leasable area (GLA) to the office portfolio.


“We are looking forward to the company’s accelerated growth in 2018 as our new office buildings and shopping malls become operational and generate incremental rental revenues. We also expect residential revenues to remain stable,” FLI chief executive officer and president Josephine Gotianun-Yap said.

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Filinvest Land Inc., FLI, Josephine Gotianun-Yap
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.