DM Wenceslao net rises 13% to P1.3B

By Janine Alexis Miguel

Nov 14, 2023 12:19 am

PROPERTY developer D.M. Wenceslao and Associates Inc. (DMW) reported on Monday that its nine-month net income had reached P1.3 billion on robust leasing operations, a 13-percent improvement from the P1.1-billion profit, excluding land sale, booked last year.

Leasing revenues, which accounted for 65 percent of the company's total revenue, increased by 15 percent to P1.8 billion. This consisted of rentals from land, building, and other revenues, including common use service area (CUSA) and parking fees.

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