FDC Q2 profit falls 9.7% as costs outpace revenue

WIRE — FILINVEST Development Corp. (FDC) reported a 9.7% decline in second-quarter (Q2) attributable net income to P3.42 billion from P3.78 billion a year earlier, as expenses grew faster than revenue. Gross revenue rose 13.7% to P29.78 billion from P26.20 billion, while gross expenses increased 21.5% to P26.10 billion from P21.48 billion, the company said in its

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