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DMCI profits soar 375% to P9.5 B

Diversified engineering conglomerate DMCI Holdings reported that its first-half consolidated net income soared 375 percent to P9.5 billion from the P2 billion earned in the same period last year.
In a disclosure to the Philippine Stock Exchange, the firm said “the sharp uptrend was due to the excep ....

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DMCI income more than triples to P5.2B; coal sales lead

DMCI income more than triples to P5.2B; coal sales lead
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Property sector pins recovery hopes on PHL infrastructure push

Property sector pins recovery hopes on PHL infrastructure push
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Lasso condecora con la Orden Nacional al Mérito a su ministro César Monge

Lasso condecora con la Orden Nacional al Mérito a su ministro César Monge
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DMCI profits weakened to P5.9-B

Published March 5, 2021, 5:00 AM
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 44 percent drop in consolidated net income to P5.9 billion last year from the P10.5 billion earned in 2019.
In a disclosure to the Philippine Stock Exchange, the firm said the decline was largely attributable to the strict quarantine restrictions and economic impacts of the COVID-19 pandemic.
Excluding non-recurring items in 2020 and 2019, core net income fell 47 percent year-on-year from P12.4 billion to P6.6 billion.
DMCI Holdings logo
(Photo courtesy of www.dmciholdings.com/)
These consist of one-time losses of P1.9 billion mostly coming from one-time noncash goodwill impairment charge for its Zambales mining assets in 2019 and P708 million pertaining mainly to sales cancellations for a real estate project in 2020. ....

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