Filinvest 2015 net income grows 13% to P7B

LISTED conglomerate Filinvest Development Corp. (FDC) said its net income in 2015 increased by 13 percent to P7 billion from P6.2 billion in the previous year on the strong performances of its real estate and power business segments.

In a disclosure to the Philippine Stock Exchange, the holding company of the Gotianun family said it generated revenues of P49.3 billion last year, up more than 28 percent from the P38.6 billion posted in 2014.