Encouraged by the strong results from 2023, Filinvest Development Corp., the flagship investment holding company of the Gotianun Group, is now aiming to increasing earnings annually by an average of at least 20 percent.
“We believe we are well positioned to achieve our target given our strong performance in 2023. We will push for transformation across the group to attain faster earnings growth with a healthy balance of higher return on invested capital and revenue growth.”
FDC president and chief executive officer Rhoda A. Huang
FDC booked a net income of P8.9 billion in 2023, up 58 percent from the previous year. Its total revenue and other income surged 31 percent to P92.8 billion on double-digit growth delivered by its various business interests including banking, real estate, hospitality, power and sugar.
Huang said the company’s future plan is anchored on driving strategy and collaboration across its portfolio companies. She said FDC will support its subsidiaries in areas such as capital allocation, business development, and initiatives to accelerate value creation.
Driving stronger synergies, the company will leverage key platforms to foster operational excellence and build a high-performing organization with the purpose of enabling Filipinos to achieve their dreams, she added.
At the company’s annual stockholders’ meeting, FDC declared dividends equivalent to P0.10346 per share, a 1.93 percent dividend yield based on end-2023 share price.
