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Fil-Estate net income nearly doubles in Q4

By Zinnia B. Dela Peña
Friday, February 22, 2008 [ philstar.com ]

Fil-Estate Land Inc. (FELI) reported that its net income in the last quarter of 2007 nearly doubled to P8.51 million from only P4.4 million a year earlier, on the back of higher real estate sales.

Based on its financial report filed at the Philippine Stock Exchange, FELI registered a 21-percent jump in revenues to P75.3 million, mainly coming from the sale of residential subdivision lots in Forest Hills in Antipolo, Riverina in San Pablo City, Plaridel Heights in Bulacan and Pines Royal in Baguio. > > > [ full story ]
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