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FLI Profit Up 16.0% to PHP 4.6 Billion

13 Mar

BY ANGPING & ASSOCIATES SECURITIES

Filinvest Land Inc. (FLI) jumped 16.0% to PHP 4.6 billion last year behind strong revenues from its residential and office operations. Consolidated revenues surged 22.0% year-on-year to a record PHP 16.9 billion in 2014.

The company PHP 13.2 billion in revenues from its residential projects, 26.0% more than the PHP 10.5 billion the previous year.

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FLI is also on track with its plans to triple its recurring income portfolio by 2019 to about 970,000 sqm.

For 2015, we are adding around 67,506 square meters of office space and 85,034 square meters of retail space to our portfolio.

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Posted by on March 13, 2015 in Corporate News, FLI, Stock Market

 

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