DM Consunji first-half net income up 36%

The construction arm of DMCI Holdings, Inc. grew its net income by 36% in the first six months of 2018, fueled by its building and infrastructure units.
In a disclosure to the stock exchange, DM Consunji, Inc. reported that its net income reached P676 million in the first half of 2018, higher than the P497 million it posted in the same period a year ago. This followed a 13% increase in revenues to P7.2 billion.
“Overall, we still maintain a positive outlook for D.M. Consunji, Inc. for the second semester of this year,” President and CEO Jorge A. Consunji said in a statement.
“We intend to be one of the major players participating in the rollout of infrastructure projects under the Build, Build, Build Program of the government, as well as in private construction projects,” he said. — Arra B. Francia