DMCI posts 16% growth in net income

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Earnings of DMCI Holdings, Inc. climbed last year buoyed by the double-digit growth of the coal energy, real estate and construction segments as well as the recovery of the nickel mining business.

In a disclosure to the stock exchange on Friday, March 9, the Consunji-led firm reported a 16% growth in net income attributable to shareholders to P14.8 billion last year from P12.7 billion in 2016 following the restatement of earnings from the housing business. — Krista Angela M. Montealegre