DMCI cites prices as profits plunge

By Brix Lelis

May 09, 2024 12:22 am

DIVERSIFIED engineering conglomerate DMCI Holdings Inc. on Wednesday reported earning P5.6 billion in the first quarter of this year, down 25 percent from P7.5 billion in 2023, amid stabilizing commodity prices.

Net earnings, however, climbed 19 percent from the preceding quarter's P4.7 billion and nearly doubled the P2.9 billion booked in the first quarter of 2019, the listed holding firm said in a stock exchange filing.

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