Filinvest Development income up 36% on strong growth of units

MANILA, Philippines — Gotianun-led Filinvest Development Corp. (FDC) booked a 36-percent increase in first-quarter profits to P2.9 billion on higher contributions from its banking, power, and property units despite higher costs. The holding firm on Wednesday said banking and financial services under EastWest Bank accounted for 36 percent of the bottom line in the January
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