CONGLOMERATE DMCI Holdings Inc. is keen on “all” the big-ticket infrastructure projects being lined up by the current administration which hopes to boost private sector participation in the country’s development.
For now, DMCI president Isidro Consunji said the company is waiting for the Aquino administration to release additional information on the public-private partnership (PPP) projects.
“But we are interested in all of them,” Consunji told the BusinessMirror in an interview on Friday. “We can do almost all of them, I don’t see anything technically difficult with the projects.”
The Philippine government is preparing 80 infrastructure-related projects worth about P740 billion.
The projects initially identified include the Metro Rail Transit (MRT)-Light Rail Transit expansion; MRT Line 2 extension, the new Bohol airport, Puerto Princesa Airport, North Luzon Expressway-South Luzon Expressway link, Cavite-Laguna Expressway-Manila side section and Daraga International Airport.
Also included are the construction of a city terminal for Diosdado Macapagal International Airport, the privatization of the Laguindingan Airport operation and maintenance, and the supply of treated bulk water for Metro Manila.
DMCI will likely see itself bidding against other conglomerates namely Ayala Corp., San Miguel Corp., Metro Pacific Investments Corp., Aboitiz Equity Ventures Inc. and JG Summit Holdings Inc.
DMCI already has a heavy presence in the infrastructure sector through construction unit D.M. Consunji Inc., Maynilad Water Services Inc. for water supply and power generation through Semirara Mining Corp.
For the full year, Consunji said the company’s bottomline will likely exceed its initial forecast of about P6.5 billion to P7 billion. “[Net income] will be above target,” he said.
DMCI earlier said its nine-month profit jumped 79 percent to P5.8 billion, boosted by its new power business from Semirara.
“The operations in the Calaca power plant, the realization of works for the big-ticket construction projects, the growth in recognized real estate sales, and the improvement in coal mining caused the steep growth in consolidated net income,” the company said.
Flagship subsidiary D.M. Consunji contributed P903 million to the parent, up from P445 million in the first nine months of 2009, from major contracts such as the Skyway Elevated Toll Road, 168 Residences and the Raffles Condominium and Hotel.
Semirara, a 56-percent owned subsidiary, reported 128-percent growth in contributions to P1.8 billion while Maynilad contributed 7-percent less in the first three quarters of the year to P1.3 billion.
DMCI also has real estate operations through DMCI Project Developers Inc. which markets under the brand name DMCI Homes. The company targets the middle-income housing segment. Contributions during the nine-month period hit P1 billion from P483 million year on year.
DMCI’s smallest unit is in steel fabrication under Atlantic Gulf and Pacific Company of Manila Inc. The company had net contributions of P505 million for the first three quarters, higher than the P144 million last year.
Shares of DMCI ended 2.84-percent lower to P34.30 each on Friday’s close. DMCI recently rejoined the 30-company Philippine Stock Exchange Index following a recent regular review by the bourse.
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