FILINVEST Development Corp. on Wednesday reported a consolidated net income of P3.7 billion for the first quarter , up 27 percent from P2.9 billion a year earlier and attributed to robust growth at its banking, power and property units.Attributable net income grew 36 percent to P2.9 billion from P2.2 billion, the Gotianun-led conglomerate told the stock exchange, while total revenues surged 28 percent year on year to P26.4 billion.
delivered a 65-percent increase in net income to P1 billion, fueled by higher-than-expected energy sales volume and increased operational plant efficiency.The real estate business, consisting of listed Filinvest Land Inc. and Filinvest Alabang Inc., chipped in P704 million in profit, 17 percent more than the P600 million contributed in the same period in 2023.The segment's growth was attributed to a 24-percent increase in residential sales to P3.