We reply to your directive to clarify and/or confirm the information posted in PhilSTAR.com wherein it was reported in part that:
“MANILA, Philippines — Filinvest Development Corp. (FDC), the listed conglomerate of the Gotianun family, is bullish on its growth prospects this year, with the company setting its sights on returning to pre-pandemic profit levels. Despite a strong performance in 2023, FDC president and CEO Rhoda Huang said the company has yet to return to its pre-pandemic levels. However, Huang said the target is to hit it this year. . . . . FDC is looking forward to sustaining the strong momentum in 2023, with the goal of accelerating growth. Huang said FDC is eyeing an annual growth of at least 20 percent over the medium term. ‘What we’ve announced is a four or five-year plan in terms of 20 percent annual growth,’ she said. . . . . “ xxx xxx xxx”
We confirm the veracity of the information contained in the news article. The prospected four or five-year plan of 20 percent annual growth is a target only.
FDC will make the required disclosures to the public as and when there are material concrete developments to the Company’s projects. |
Forward-looking statements: This clarification contains forward-looking statements that are, by their nature subject to risks and uncertainties. When used herein, the words “aims”, “anticipate”, “believe”, “could”, “estimate”, “expect”, “going forward”, “intend”, “may”, “ought to”, “plan”, “project”, “seek”, “should”, “will”, “would” and similar expressions, are intended to identify forward-looking statements.
Such forward-looking statements are based on numerous assumptions and known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. These forward-looking statements speak only as the date of this release and nothing contained herein is or should be relied upon as a promise, warranty, or representation in the future. FDC expressly disclaims any obligation or undertaking to release, public or otherwise, any updates or revisions to any forward-looking statement contained herein to reflect any change in FDC’s expectations with regard thereto or any change in events, conditions, assumptions or circumstances on which any statement is based. |