Coal windfall boosts DMCI earnings to record high

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Coal windfall boosts DMCI earnings to record high
Nederland Laatste Nieuws,Nederland 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.

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Nederland Laatste Nieuws, Nederland Headlines