[ manilastandardtoday.com ]
DMCI Holdings Inc. of the Consunji
family said first-half net income rose 9 percent to P5.8 billion from P5.3
billion posted in the same period last year, boosted by the strong performance
of its residential and water businesses.
The company said in a disclosure to
the stock exchange consolidated revenues in the January-June period increased 5
percent to P27.4 billion from P26.2 billion recorded in the first six months of
2011.
DMCI said coal mining, which accounted
for the bulk of the company earnings, posted an 18-percent decline in net
income contribution due to lower coal prices.
The power business, coming mainly from
the Calaca power units, also recorded an 18-percent decline in net income
contribution due to the reduced capacity coming from the rehabilitation of unit
1.
Residential sales posted a 38-percent
increase in net income contribution to P1.1 billion from P845 million the
previous year on higher real estate revenues.
Reservation sales, however, dipped 6
percent to P9.4 billion in the first half as new projects would be launched
only in the second half of the year.
Its water business through Maynilad
Water Services Inc. registered a 30-percent increase in net income to P1.2
billion, due to the continued drop in non-revenue water and increase billed
volume.
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