May 16, 2007
Updated 12:07:57 (Mla time)
MANILA, Philippines -- Filinvest Land Inc. said its net profit for the first quarter jumped 64 percent from a year earlier to P252.26 million on the back of higher real estate sales, rental income and equity earnings from one of its affiliates.
In a statement, Filinvest Land said real estate sales rose 46 percent to P816.5 million and rental income surged to P226.7 million from P7.8 million in January to March last year.
It said earnings contribution from its 20 percent-owned affiliate, Filinvest Alabang Inc., which manages shopping malls and office buildings, jumped to P285.9 million from P7.7 million in the same quarter last year.
http://services.inquirer.net/express/07/05/16/html_output/xmlhtml/20070516-66231-xml.html
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