Filinvest Land Inc.’s net profit increased by 9 percent to P5.83 billion in 2017 from P5.35 billion the year before.

In a disclosure, the Gotianun-led property developer said its revenues rose 4 percent to P20.27 billion from P19.5 billion in 2016. It attributed the growth to its expanded rental property portfolio and strong demand for retail and office spaces.

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