GOTIANUN-LED Filinvest Land Inc. posted attributable net profit 2% higher at 3.8 billion pesos last year, the company said in a statement on Tuesday.
The listed real estate arm of Filinvest Development Corp. also saw its residential income increase by 15%, to 11.27 billion pesos, thanks to continued construction activities and higher booking sales.
The company’s reservation sales reached 16.04 billion pesos last year, up 5% year on year.
“We are pleased with the results of our digital transformation which has made our business more accessible to sales networks and customers here and abroad,” said Tristan Las Marias, Chief Strategy Officer of Filinvest Land and Head of residential activity, in the press release.
Meanwhile, Filinvest Land launched residential projects worth 6.7 billion pesos across the country last year, including those in Metro Manila, Pampanga, Cagayan de Oro, Davao and Pangasinan region.
Filinvest is part of the newly launched PSE MidCap Index of the Philippine Stock Exchange (PSE), which is “designed to capture the performance of mid-cap companies in the Philippine market”.
“As we accelerate our pace of construction and more quickly execute our expansion plans, we expect to maintain our growth momentum throughout 2022 and beyond,” Las Marias continued.