D.M. Wenceslao H1 earnings down 31.5%

By Ed Paolo Salting

Aug 15, 2023 12:00 am

CONSTRUCTION and property firm D.M. Wenceslao & Associates Inc.'s net income attributable to the parent fell 31.5 percent in the first half, to P913 million from P1.33 billion a year earlier, due to the absence of gains booked from a 2022 land sale.

In a filing with the stock exchange on Monday, the company noted that it had recorded a 1,790-square-meter land sale worth P787.60 million in the first half of last year.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Globe names Puno new CFO

DMCI Mining lowers nickel ore output goal

Alfamart optimistic on further expansion

Cebuana Lhuillier expands partnership

CDO issued versus fake investment firm

Jollibee to operate Milksha stores in US

Altenergy optimistic; projects in full swing