Banking boosts FDC bottom line by 24%

MANILA, Philippines — Filinvest Development Corp. (FDC) reported a record net income of P15 billion attributable to equity holders last year, surging 24 percent thanks to robust contributions from its banking, real estate and power units. The Gotianun-led conglomerate on Thursday said consolidated net income reached P18.9 billion, a 20-percent jump. READ: Banner year: Filinvest Development