DMCI Holdings, LT Group report higher earnings in Q1 : vimar

DMCI Holdings, LT Group report higher earnings in Q1


DMCI Holdings, LT Group report higher earnings in Q1
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Metro Manila (CNN Philippines, May 11) – DMCI Holdings saw its earnings surge in the first quarter of 2021, it reported to the local bourse on Tuesday.
The diversified engineering conglomerate disclosed to the Philippine Stock Exchange a net income of ₱4.3 billion from January to March, way up from the ₱616 million it reported the same period last year.
"We had a better-than-expected Q1 because of higher construction accomplishments and better coal sales," Isidro Consunji, chairman and president of DMCI Holdings, stated in the disclosure.
"With the exception of Maynilad, all of our businesses also did very well," he added.

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