DMCI 9-month profit down 28% to P20 billion

By Brix Lelis

Nov 01, 2023 12:24 am

DIVERSIFIED engineering conglomerate DMCI Holdings Inc. said Tuesday its nine-month consolidated net income declined by 28 percent to P20 billion from P27.6 billion, driven by stabilized coal and nickel prices.

'We saw double-digit contractions in coal and nickel index prices because of the China economic slowdown and global oversupply,' DMCI Chairman and President Isidro Consunji said in a statement.

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