Filinvest Land Inc., the property arm of the Gotianun family, posted up a net income of P3.8 billion in 2021, up two percent from a year ago.
FLI said in a disclosure to the stock exchange residential revenues rose 15 percent in 2021 to P11.27 billion, on continued construction progress and higher reservation sales.
Reservation sales went up 5 percent to P16.04 billion on aggressive launches.
The property firm launched P6.7 billion worth of residential projects located in various parts of the country including Metro Manila, Pampanga, Cagayan de Oro and Davao last year. The developer also entered Dagupan, Pangasinan.
“We are happy with the results of our digital transformation that made our business more accessible to sales network and clients here and abroad. As we accelerate our construction pace and execute faster on our expansion plans, we expect to sustain our growth momentum throughout 2022 and beyond,” said FLI chief strategy officer and residential business head Tristan Las Marias.