MANILA, Philippines—The Consunji-led DMCI Holdings Inc. grew its consolidated net profit last year by 67 percent to P7.9 billion from the previous year on strong contribution from its construction, mining, real estate, water and power businesses.
Based on audited financial report for 2010, DMCI said the growth in net profit after minority interest was boosted by the full-year operations of the new power business. For 2010, 12 months of earnings from the Calaca power plant were booked compared to only one month of earnings contribution in 2009.
Mining, through its interest in Semirara Mining, was the biggest contributor to DMCI's 2010 bottomline with a share of P2 billion or 26 percent. Its interest in water concessionaire Maynilad Water Services Inc. as a partner of the Metro Pacific group yielded P1.88 billion or 24 percent of last year's profit.
Construction and real estate each contributed about 16 percent or over P1.2 billion while the new power business provided P847 million or 11 percent of total profit last year.
Based on audited financial report for 2010, DMCI said the growth in net profit after minority interest was boosted by the full-year operations of the new power business. For 2010, 12 months of earnings from the Calaca power plant were booked compared to only one month of earnings contribution in 2009.
Mining, through its interest in Semirara Mining, was the biggest contributor to DMCI's 2010 bottomline with a share of P2 billion or 26 percent. Its interest in water concessionaire Maynilad Water Services Inc. as a partner of the Metro Pacific group yielded P1.88 billion or 24 percent of last year's profit.
Construction and real estate each contributed about 16 percent or over P1.2 billion while the new power business provided P847 million or 11 percent of total profit last year.
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