By Jenniffer B. Austria | Nov. 20,
2013 at 12:30am [ manilastandardtoday.com ]
DMCI Holdings Inc., the holding
company of the Consunji family, said Tuesday net income in the first nine
months doubled to P16.4 billion from P7.9 billion a year ago, buoyed by a
one-time gain from the partial sale of the water business.
The company said minus the one-time
gain, net income in the nine-month period was still up 2 percent to P8.04
billion from P7.9 billion a year earlier.
Consolidated revenues grew 5 percent
to P41.15 billion in the January-September period from P39.09 billion recorded
in the same period last year.
The company said the growth was led by
robust performance of construction, real estate and power businesses.
DMCI said the power segment recorded a
181-percent increase in net income contribution in the first nine months to
P2.65 billion from P944 million, following the rehabilitation of Calaca power
units.
The group’s real estate unit posted a
net income of P2.04 billion, up 11 percent from P1.83 billion last year as
revenues jumped 37 percent. Reservation also grew 4 percent to P14.2 billion.
The construction business also
recorded a 19-percent increase in net income to P1.14 billion from P962 million
in 2012.
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