DMCI Holdings posts robust growth with P9.2B profit
Diversified engineering conglomerate DMCI Holdings Inc. boosted its first half earnings by 21 percent to P9.2 billion, largely driven by the strong performance of its coal mining, real estate, construction, nickel mining and water businesses.
Consolidated revenues expanded by 19 percent to P44.2 billion.
“All of our businesses fared well except for our power subsidiaries. The unplanned and prolonged outages of 00000000 Power Corp. and Southwest Luzon Power Generation Corp. cut into the profitability of Semirara Mining and Power Corporation (SMPC),” said DMCI Holdings chairman and president Isidro A. Consunji.