By Jenniffer
B. Austria | Posted on Aug. 01, 2013 at 12:00am | manilastandardtoday.com
DMCI Holdings
Inc. expects core net income to slightly dip this year, due to lower revenue
contribution from its water, nickel and coal ventures.
DMCI
president Isidro Consunji, however, said in an interview at the sidelines of
the annual stockholders’ meeting that revenues were expected to grow by single
digit due to one-time gain from the sale of a partial stake in Maynilad Water
Services Inc.
Consunji said
the company would receive lower equity contribution from its water business,
after the sale of its 16-percent interest in Maynilad, which reduced the
company’s ownership to 25.24 percent from 40.98 percent.
The company
also had no nickel operations this year after its mining contract with Benguet
Corp. expired in 2012, while its recently acquired Acoje-ENK Mine was having
some transitory and permitting issues. Its coal venture through Semirara Mining
Corp. was affected by a mining incident.
Meanwhile,
the group’s power, real estate and construction ventures are expected to
perform well this year. “We are trending higher in real estate power and
construction but a little lower in coal, water and nickel operations,” Consunji
said.
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