Consunji family bags P16B construction projects in 2017
The construction arm of DMCI Holdings secured P16 billion worth of new contracts last year, nearly double the P8.2 billion bagged in 2016.
With the new projects for infrastructure, energy, buildings, and utilities and plants, DM Consunji Inc. was able to close the year with an order book of P25.4 billion, up 26 percent.
Among its newly-signed projects are the Cavite-Laguna Expressway project of MPCALA Holdings, a petrochemical plant of JG Summit, Maven of Ortigas & Co. Anchor Grandsuites of Anchor Land Holdings, Bued Viaduct and Roadway of Private Infra Development Corporation, 105MW conventional power plant of Sarangani Energy Corporation, among others.
Some of its major ongoing projects include Metro Manila Skyway Stage 3 of Citra Central Expressway Corp., Six Senses Resort (Phase 2) of Federal Land, LRT2 Masinag Stations of the Department of Transportation, City Gate of Ayala Land, The Imperium and The Royalton of Ortigas & Co. and Radiance Manila Bay (North and South) of Robinson Land Corporation.
DM Consunji reported a net income of P1.3 billion last year or an increase of 56 percent.
“2017 was a good year for us. We were able to keep a tight rein on our operating costs. The favorable settlement of pending claims and earlier than expected completion of some minor projects also contributed to our strong growth,” said DM Consunji president and CEO Jorge A. Consunji.