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Wednesday, December 15, 2004
Filinvest earmarks P1B for capital expenditure
FILINVEST Land Inc. (FLI) told the stock exchange it will set aside from P1 billion to P1.2 billion to finance its capital expenditures next year.
The property developer is anticipating 20 percent sales growth in 2005, when it will launch four to six new projects.
FLI is owned by taipan Andrew Gotianun.
In Cebu, FLI’s projects are the Corona del Mar subdivision in Barangay Pooc, Talisay, and Aldea del Sol in Lapu-Lapu City. (CTL)
(December 15, 2004 issue)
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