FILINVEST Development Corp. (FDC) said Thursday that its attributable net income for the first half (H1) of 2024 surged by 41 percent year on year (YoY) to P5.54 billion, led by brisk growth in its banking, power and real estate businesses.
FILINVEST Development Corp. said Thursday that its attributable net income for the first half of 2024 surged by 41 percent year on year to P5.54 billion, led by brisk growth in its banking, power and real estate businesses.'We look forward to sustaining our robust growth as we keep honing our strategies and operations, and as we implement important capital investments for long-term growth,' Rhoda Huang, FDC president and chief executive officer, said in a statement.
5 billion from P1.07 billion a year ago.'Filinvest Hospitality Corp. registered a 49-percent hike in revenue and other income to P2.04 billion, thanks to improved occupancy, room rates, as well as food and beverage revenues, benefiting from the impact 'revenge travel' post-pandemic.In banking, a 22-percent surge in consumer loans enabled EastWest Bank to deliver the highest income contribution to the parent of P2.6 billion, up roughly 7 percent YoY.
Development Net Goes Up To P5.5B
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