Property developer Filinvest Land Inc. expressed optimism on achieving higher income in 2023 on the back of positive economic performance. The company reported a net income of P3.52 billion last year.
“The Philippines is growing, and we are optimistic that we will grow more, unless there is anything happening outside of the Philippines. Here within the country, our fundamentals seem to be good,” Filinvest Land director Michael Edward Gotianun said in an interview over the weekend.
“Yes, business is good. So let’s hope that it stays good for the next, say ten years,” he said. “The economy is improving, and there seems to be a lot of interest…. Everybody is positive about the economy. But our concern will be the outside like China, with all their problems going on now. There might be, or you don’t know, there might be a spillover, we cannot control that. So, we just hope it does not spill over to us,” Gotianun said.
Filinvest Land posted first-half net income amounting to P1.39 billion, up 15 percent from a year ago, on better performance of residential and leasing businesses.
Consolidated sales also went up 9 percent to P9.9 billion in the six-month period.