{"id":330393,"date":"2024-11-14T00:46:49","date_gmt":"2024-11-13T16:46:49","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330393"},"modified":"2024-11-14T00:46:51","modified_gmt":"2024-11-13T16:46:51","slug":"trade-the-news-flis-income-rises-to-p1-1b-on-strong-sales","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-flis-income-rises-to-p1-1b-on-strong-sales\/","title":{"rendered":"Trade the News: FLI’s income rises to P1.1B on strong sales"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Filinvest Land Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>FLI<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Sell<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 0.69<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

FILINVEST Land, Inc. (FLI) saw its third-quarter attributable net income increase by 4.8% to P1.1 billion from P1.05 billion last year due to higher sales.<\/p>\n\n\n\n

Revenue from July to September improved by 15.4% to P6.56 billion from P5.68 billion last year, FLI said in a stock exchange disclosure on Tuesday.<\/p>\n\n\n\n

Real estate sales climbed by 19.8% to P4.52 billion, while revenue from rental services increased by 6.7% to P2.04 billion.<\/p>\n\n\n\n

For the first nine months, FLI recorded an 8.5% increase in its attributable net income to P2.65 billion from P2.44 billion last year.<\/p>\n\n\n\n

Revenue increased by 15.9% to P17.6 billion from P15.18 billion in 2023 due to the growth of the residential segment.<\/p>\n\n\n\n

Real estate sales climbed by 21% to P11.89 billion, led by accelerated collections and the \u201cconstruction percentage of completion achieved during the period,\u201d the company said.<\/p>\n\n\n\n

The medium-income segment, inclusive of medium-rise buildings and high-rise buildings, accounted for 74% of total real estate sales, followed by the affordable and low-affordable segment at 12%, high-end and others at 8%, and socialized housing at 6%.<\/p>\n\n\n\n

Revenue from rental services also went up by 6.6% to P5.71 billion.<\/p>\n\n\n\n

(News Source: BusinessWorld<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330393","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330393"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330393\/revisions"}],"predecessor-version":[{"id":330395,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330393\/revisions\/330395"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}