Filinvest Development Corporation (FDC) reported a growth of 36 percent in net income attributable to equity holders of the parent company of ₱2.9 billion in the first quarter of 2024 from ₱2.2 billion in the same period last year, while consolidated net income rose by 27 percent to ₱3.7 billion. The growth was achieved on the back of strong contributions from the banking, power and property businesses. Total revenues and other income rose by 28 percent to ₱26.4 billion, faster than the increase in costs and expenses of 25 percent to ₱21.6 billion.