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.