Including non-recurring gains, its consolidated net income rose for the quarter rose by 84% to P7.34 billion from P3.99 billion previously.
“But we expect to feel some profit weakness in the last quarter because of higher raw material costs and construction slowdown,” he added. Revenues for the third quarter increased by 24.5% to P32.83 billion from P26.37 billion in the same period last year.For the nine-month period, its net income doubled to P27.63 billion from P13.48 billion a year ago, while its revenues climbed by 42.8% to P114.30 billion from P80.02 billion in the same period last year.
DMCI Project Developers, Inc. , the firm’s real estate arm, contributed P3.85 billion as selling prices were higher by 19.2% compared with P3.23 billion a year ago.