posted November 13, 2018
at 07:15 pm by Jenniffer B. Austria
Conglomerate
DMCI Holdings Inc. said it booked a consolidated net income of P11.5 billion in
the first nine months, down two percent from P11.7 billion a year ago, on lower
contributions from its coal energy business.
The
holding company of the Consunji family said minus the P715-million one-time
gain on sale of an undeveloped lot by DMCI Homes and P66-million refinancing
and other one-time costs of Maynilad, core net income in January to September
weakened 8 percent to P10.8 billion from P11.8 billion.
Nine-month
revenues rose 2 percent to P60 billion from P58 billion a year ago.
DMCI
said net income declined 44 percent in the third quarter to P2.3 billion from
P4.1 billion. “Aside from Semirara, our construction, real estate and
nickel mining businesses also slowed down in the third quarter. But we still
expect single-digit growth in our full-year results,” said DMCI Holdings
chairman and president Isidro Consunji.
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