Image via WikipediaFilinvest Land Inc. grew its net profit last year by 46 percent to P2.95 billion, on the back of a double-digit growth in real-estate revenue and recurring rental earnings from shopping mall and office space.
Benefiting from the robust property market, total 2010 revenue surged by 45 percent to P8.25 billion, as FLI realized higher earnings from real-estate sales and rental of commercial space.
Real-estate sales hit P5.65 billion, 54 percent higher than a year before, while rental income from Festival Supermall, PBCom Tower and Northgate Cyberzone in Alabang posted a 19-percent year-on-year growth to P1.41 billion.
http://business.inquirer.net/money/topstories/view/20110317-326011/Filinvest-nets-P295B-in-2010
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