Filinvest Land Inc. (FLI) registered a 24-percent drop in its first-half net profit to P2.42 billion from P3.04 billion year-on-year as quarantine measures delayed its construction activities.

In a filing on Wednesday, the listed property arm of Filinvest Development Corp. posted a 30-percent decline in gross revenues to P8.81 billion in the period from P12.62 billion last year.

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