D.M. Wenceslao profit surges to P7.3B in 2023

By Brix Lelis

Mar 20, 2024 12:30 am

D.M. Wenceslao & Associates Inc. (DMW) saw its net income last year more than triple to P7.3 billion from P2.1 billion due to strong leasing and steady residential growth and one-off gains.

In a filing on Tuesday, the property developer noted that it notched a one-time gain of P5.6 billion from the acquisition of a majority stake in joint venture firm Bay Resources and Development Corp.

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