DMCI Holdings profit drops 22% to P15.86B

By Ed Paolo Salting

Aug 10, 2023 12:25 am

CONGLOMERATE DMCI Holdings Inc. said on Wednesday that net income in the first half fell by 22 percent to P15.86 billion, from P20.29 billion a year earlier, due to lower contributions from its coal, nickel, real estate and construction businesses.

For the second quarter alone, net income was down 9 percent at P8.24 billion from P9.03 billion last year.

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