Coal windfall boosts DMCI earnings to record high

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 86%

Business News News

Business Business Latest News,Business Business Headlines

Consunji-led DMCI Holdings Inc. saw profits soar to a record high in 2022 after a commodities rally fueled a 69-percent surge in net income to over P31 billion. | miguelrcamusINQ /PDI

“We expect these markets to soften this year, so our strategy is centered around increasing volumes and optimizing cost management to maintain healthy margins,” Consunji said.

Maynilad Water Services Inc., a venture with Metro Pacific Investments Corp. and Japan’s Marubeni, saw net income contribution down by 6 percent to P1.4 billion as a result of higher costs for light and power, repairs and maintenance, and chemicals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines