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                    [Title] => Filinvest income declines to P151M in Quarter 1
                    [Summary] => The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million.


Although the company’s gross income from sales of subdivision lots and houses during the period went up by 13 percent to P226.7 million, the combined burden of a 49 percent increase in operating expenses, decreased income from other investments and the peso depreciation weighed down on FLI’s bottom line.


                    [DatePublished] => 2001-05-13 00:00:00
                    [ColumnID] => 133272
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                    [ArticleID] => 96061
                    [Title] => Filinvest income declines to P151M in Quarter 1
                    [Summary] => The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million.


Although the company’s gross income from sales of subdivision lots and houses during the period went up by 13 percent to P226.7 million, the combined burden of a 49 percent increase in operating expenses, decreased income from other investments and the peso depreciation weighed down on FLI’s bottom line.


                    [DatePublished] => 2001-05-13 00:00:00
                    [ColumnID] => 133272
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CAVITE AND SERRA MONTE MANSIONS

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                    [ArticleID] => 86484
                    [Title] => Filinvest income declines to P151M in Quarter 1
                    [Summary] => The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million.


Although the company’s gross income from sales of subdivision lots and houses during the period went up by 13 percent to P226.7 million, the combined burden of a 49 percent increase in operating expenses, decreased income from other investments and the peso depreciation weighed down on FLI’s bottom line.


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                    [ArticleID] => 96061
                    [Title] => Filinvest income declines to P151M in Quarter 1
                    [Summary] => The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million.


Although the company’s gross income from sales of subdivision lots and houses during the period went up by 13 percent to P226.7 million, the combined burden of a 49 percent increase in operating expenses, decreased income from other investments and the peso depreciation weighed down on FLI’s bottom line.


                    [DatePublished] => 2001-05-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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abtest

Filinvest income declines to P151M in Quarter 1

May 13, 2001 - 12:00am

The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million. Although the company’s...

Business

Filinvest income declines to P151M in Quarter 1

May 13, 2001 - 12:00am

The soft real estate market took its toll on property developer Filinvest Land Inc. which suffered an earnings slowdown in the first quarter with net income dropping 24 percent to P151.1 million. Although the company’s...

Business