DMCI Holdings allots P46.5b to finance group’s expansion bids

📆 15/03/2022 09:00 ص
📰 MlaStandard

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Conglomerate DMCI Holdings Inc. earmarked P46.5 billion in 2022 capital expenditures mainly to fund the expansion plans of property, water utility, coal and power generation businesses. Read more👇

DMCI said in a presentation during a recent analysts’ briefing this year’s capital spending plan would be 52 percent higher than P30.6 billion it spent in 2021.

Water utility unit Maynilad Water Services Inc. will also spend P16.2 billion this year, up 90 percent from P8.5 billion in 2021. Construction arm D.M. Consunji Inc. is spending P500 million this year. As of end-2021, DMCI’s order book reached P49.3 billion, with P4.7 billion worth of projects added in 2021.

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Investors buy then sell DMCI on record earnings - BusinessWorld OnlineINVESTORS bought DMCI Holdings, Inc. last week then sold on stellar earnings report, but the market is turning bullish on the company amid surging commodity prices.
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