Filinvest Land, Inc. (FLI), one of the country’s largest real estate developers, reported an increase of 15% in net income attributable to equity holders of the parent for the first half of 2023, totaling Php1.39 billion. Total consolidated revenues and other income increased by 8% year-on-year from Php9.15 billion in 2022 to Php9.92 billion in 2023 as the full-range property developer’s residential and rental business segments posted growth.
“Filinvest Land continued to achieve growth in its residential and rental business segments during the first six months of the year. We are pleased that our efforts led to satisfactory results as we continued to sustain our sales and marketing activities. We remain focused on meeting our customers’ needs as we target to further grow our business this year, with further residential launches planned in the second half,” said Tristan Las Marias, FLI President and Chief Executive Officer.